[PRG] Extraordinary on 10-Jun-2020

Stock
[PRG]: PRG HOLDINGS BERHAD
Announcement Date
21-May-2020
Type
Extraordinary
Date & Time
10-Jun-2020 10:00
Depositor Date
03-Jun-2020
Venue
Broadcast Venue Lot C601, Capital 3 Oasis Square No. 2, Jalan 1A/&A, Ara Damansara 47301 Petaling Jaya, Selangor
Description
PRG Holdings Berhad ("PRG") Notice of the fully virtual Extraordinary General Meeting I
PRG Holdings Berhad - Notice of EGM I.pdf
Outcome
The Board of Directors of PRG Holdings Berhad ("PRG" or "the Company") wishes to announce that the ordinary resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 22 May 2020 were not carried by the shareholders of the Company at the EGM of the Company held on Wednesday, 10 June 2020. Details of the results of the poll were validated by Cygnus IT Solutions PLT, the Independent Scrutineer appointed by the Company.

This announcement is dated 10 June 2020.

Voting Results

1. Ordinary resolution 1

Description 
Proposed settlement of debt amounting to RM9,999,984.32 owing to a Director of PRG, namely Dato' Lua Choon Hann through the issuance of 55,679,200 new ordinary shares in PRG at the issue price of RM0.1796 each
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 8
No. of Shares 79,201,762 114,331,410
% of Voted Shares 40.9241 59.0759
Result Rejected

2. Ordinary Resolution 2

Description 
Proposed issuance of up to 249,425,060 free warrants on the basis of 1 warrant for every 2 PRG shares held by entitled shareholders on an entitlement date to be determined later
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 8
No. of Shares 113,175,662 114,331,410
% of Voted Shares 49.7460 50.2540
Result Rejected

Remark
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