[PGLOBE] EGM on 27-Dec-2024

Stock
[PGLOBE]: PARAGON GLOBE BERHAD
Announcement Date
11-Dec-2024
Reference No.
GMA-11122024-00003
Corporate Action ID
MY241211MEET0002
Type
EGM
Date & Time
27-Dec-2024 10:00
Depositor Date
18-Dec-2024
Venue
Level 2, Grand Paragon Hotel No. 18, Jalan Harimau, Taman Century 80250 Johor Bahru Johor Darul Takzim
Description
Notice of Extraordinary General Meeting of Paragon Globe Berhad
PGB - Notice of EGM dated 12 December 2024.pdf
Outcome

The Board of Directors of Paragon Globe Berhad (“PGB”) is pleased to announce that the resolutions set out in the Notice of the Extraordinary General Meeting (“EGM”) dated 12 December2024 was duly passed by the shareholders of PGB by way of poll at the EGM of PGB held today.

The result of the poll was validated by Sky Corporate Services Sdn Bhd, the independent scrutineer appointed by PGB. The details of the poll result are set out in the attachment.

This announcement is dated 27 December2024.

Voting Results

1. Ordinary Resolution (i)

Description 
PROPOSED DISPOSAL BY PARAGON BUSINESS HUB SDN. BHD. ("PBHSB"), A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("MASTER LAND A") MEASURING APPROXIMATELY 47.860 ACRES ("LAND A") TO BRIDGE DATA CENTRES MALAYSIA IV SDN. BHD. ("BDCIV" OR "PURCHASER A") FOR A CASH CONSIDERATION OF RM238,317,195.60 ("PROPOSED LAND A DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 475,135,500 2
% of Voted Shares 99.9999 0.0000
Result Accepted

2. Ordinary Resolution (ii)

Description 
PROPOSED ACQUISITION BY PBHSB, A WHOLLY-OWNED SUBSIDIARY OF PGB, OF ALL THAT PARCEL OF FREEHOLD LAND HELD UNDER HS(D) 631308 PTD 250799 (FORMERLY KNOWN AS GERAN 37983 LOT 2687), IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING 60,111 SQUARE METRES (APPROXIMATELY 14.85 ACRES) ("LAND B") FROM SEMENANG REALTY SDN. BHD. ("SEMENANG" OR "VENDOR B") FOR A CASH CONSIDERATION OF RM28,563,133.20 ("PROPOSED LAND B ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 475,135,500 2
% of Voted Shares 99.9999 0.0000
Result Accepted

3. Ordinary Resolution (iii)

Description 
PROPOSED ACQUISITIONS BY PBHSB, A WHOLLY-OWNED SUBSIDIARY OF PGB, OF 2 PARCELS OF FREEHOLD LANDS HELD UNDER GM 757 LOT 90 AND GM 1083 
LOT 923, BOTH IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING 4.4895 HECTARES (APPROXIMATELY 11.09 ACRES) AND 3.3361 HECTARES (APPROXIMATELY 8.24 ACRES) RESPECTIVELY ("LANDS D") FROM EKL HOLDINGS SDN. BHD. ("EKL HOLDINGS" OR "VENDOR D") FOR A TOTAL CASH CONSIDERATION OF RM34,957,133.78 ("PROPOSED LANDS D ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 475,135,500 2
% of Voted Shares 99.9999 0.0000
Result Accepted

4. Ordinary Resolution (iv)

Description 
PROPOSED DISPOSAL BY PBHSB, A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER MASTER LAND A MEASURING APPROXIMATELY 19.759 ACRES ("LAND E") TO BRIDGE DATA CENTRES MALAYSIA VI SDN. BHD. ("BDCVI" OR "PURCHASER E") FOR A CASH CONSIDERATION OF RM98,980,734.60 ("PROPOSED LAND E DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 475,135,500 2
% of Voted Shares 99.9999 0.0000
Result Accepted

5. Ordinary Resolution (v)

Description 
PROPOSED DEVELOPMENT RIGHTS BETWEEN PGB DESA HEIGHTS SDN. BHD. ("PDHSB"), A WHOLLY-OWNED SUBSIDIARY OF PGB, AND TROPICANA DANGA BAY SDN. BHD. ("TDBSB" OR "PROPRIETOR F") OF 2 PARCELS OF FREEHOLD LANDS HELD UNDER HS(D) 577114 PTB 24234 AND HS(D) 577113 PTB 24233, BOTH IN THE TOWNSHIP OF JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR OWNED BY PROPRIETOR F MEASURING 14,213.58 SQUARE METRES (APPROXIMATELY 3.51 ACRES) AND 14,630.85 SQUARE METRES (APPROXIMATELY 3.62 ACRES) RESPECTIVELY ("LAND F") ("PROPOSED LAND F DEVELOPMENT RIGHTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 28 1
No. of Shares 475,135,500 2
% of Voted Shares 99.9999 0.0000
Result Accepted

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