[KIPREIT] EGM on 02-Oct-2024

Stock
[KIPREIT]: KIP REAL ESTATE INVESTMENT TRUST
Announcement Date
13-Sep-2024
Reference No.
GMA-12092024-00012
Corporate Action ID
MY240912MEET0012
Type
EGM
Date & Time
02-Oct-2024 11:45
Depositor Date
25-Sep-2024
Venue
Broadcast Venue: 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya Selangor Darul Ehsan
Description
KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT") - NOTICE OF UNITHOLDERS' MEETING The Unitholders' Meeting of KIP REIT will be conducted virtually at online meeting platform at https://meeting.boardroomlimited.my
Notice Proxy Form Admin Guide.pdf
Outcome

We wish to announce that the 4Ordinary Resolutions set out in the Notice of Unitholders' Meeting of KIP Real Estate Investment Trust ("KIP REIT") held on 2October 2024were duly passed by way of poll.

The results of the poll as stated below were duly verified by Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by KIP REIT.

This announcement is dated 2October 2024.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITION OF DPULZE SHOPPING CENTRE ("PROPERTY") BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT ("TRUSTEE"), FROM DPULZE VENTURES SDN BHD FOR A CASH PURCHASE CONSIDERATION OF RM320,000,000 ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 126 20
No. of Shares 255,269,464 587,022
% of Voted Shares 99.7706 0.2294
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED PLACEMENT OF UP TO 180,000,000 NEW UNITS IN KIP REIT ("UNITS") ("PLACEMENT UNITS"), AT AN ISSUE PRICE TO BE DETERMINED LATER BY WAY OF BOOKBUILDING ("PROPOSED PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 113 26
No. of Shares 173,310,581 14,393,622
% of Voted Shares 92.3318 7.6682
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED PLACEMENT OF UP TO 15,000,000 PLACEMENT UNITS TO DATO' ONG KOOK LIONG, A MAJOR UNITHOLDER OF KIP REIT, AND TO PERSONS CONNECTED WITH HIM, PURSUANT TO THE PROPOSED PLACEMENT ("PROPOSED PLACEMENT TO DATO' ONG KOOK LIONG AND PERSONS CONNECTED")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 34
No. of Shares 172,613,381 15,030,622
% of Voted Shares 91.9898 8.0102
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED PLACEMENT OF UP TO 6,000,000 PLACEMENT UNITS TO ONG PUI SHAN, PURSUANT TO THE PROPOSED PLACEMENT TO DATO' ONG KOOK LIONG AND PERSONS CONNECTED ("PROPOSED PLACEMENT TO ONG PUI SHAN")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 34
No. of Shares 172,613,381 15,030,622
% of Voted Shares 91.9898 8.0102
Result Accepted

Remark
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