GENERAL MEETINGS: Outcome of Meeting
| PARAGON GLOBE BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 10 Jun 2020 |
| Time | 11:00 AM |
| Venue(s) |
Level 32, Paragon Residences, Jalan Tengku Petri 1, Straits View, 80200 Johor Bahru, Johor Malaysia |
| Outcome of Meeting | The Board of Directors of Paragon Globe Berhad is pleased to announce that all resolutions as set out in the Notice of the Postponed Extraordinary General Meeting ("EGM") of the Company dated 21 May 2020 and tabled at the said meeting, held today, have been duly passed. All the resolutions were voted by poll at the EGM of the Company. The details of the results are as per enclosure.
The result of the poll was verified by Scrutineer Solutions Sdn Bhd (Company No.: 201601026122 (1197061-U)), being the Independent Scrutineer appointed by the Company. |
Voting Results |
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1. ORDINARY RESOLUTION I |
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| Description |
PROPOSED ACQUISITION BY PARAGON GLOBE PROPERTIES SDN BHD (PARAGON GLOBE PROPERTIES), A WHOLLY OWNED SUBSIDIARY OF PARAGON GLOBE, OF PART OF THE FREEHOLD LAND HELD UNDER GERAN 507162 LOT 149989 (FORMERLY HELD UNDER HS(D) 484311 PTD 175988), PTD 175989, GERAN 507161 LOT 149991 (FORMERLY HELD UNDER HS(D) 484312 PTD 175990), ALL IN MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, MEASURING APPROXIMATELY 31.1 ACRES IN AREA KNOWN AS PLOT ED-5A AND PLOT ED-5B FROM ISKANDAR CAPITAL SDN BHD |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 16 | 1 |
| No. of Shares | 116,782,119 | 2 |
| % of Voted Shares | 99.9999 | 0.0000 |
| Result | Accepted | |
2. ORDINARY RESOLUTION II |
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| Description |
THE PROPOSED SUBSCRIPTION OF ORDINARY SHARES IN BUILTECH ACRES SDN BHD (BUILTECH) BY THE COMPANY REPRESENTING APPROXIMATELY 99.06% OF THE ENLARGED ISSUED SHARE CAPITAL OF BUILTECH FOR A CASH CONSIDERATION OF RM52,900,000 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 1 |
| No. of Shares | 21,539,914 | 2 |
| % of Voted Shares | 99.9999 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | PARAGON GLOBE BERHAD |
| Stock Name | PGLOBE |
| Date Announced | 10 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-10062020-00012 |
| Corporate Action ID | MY200610MEET0012 |