GENERAL MEETINGS: Outcome of Meeting
| IVORY PROPERTIES GROUP BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 25 Nov 2020 |
| Time | 10:00 AM |
| Venue(s) |
Boardroom, Ivory Tower @ Penang Times Square, 81-11-1, Jalan Dato' Keramat, 10150 George Town, Penang Malaysia |
| Outcome of Meeting | The Board of Directors of Ivory Properties Group Berhad ("IPGB" or "the Company") is pleased to announce that the resolution as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 10 November 2020 was duly passed at the EGM of the Company held on 25 November 2020.
The resolution was voted by poll and the results of the poll was verified by Commercial Quest Sdn. Bhd., the independent Scrutineer appointed by the Company. The details of poll results are set out in the table below.
The announcement is dated 25 November 2020. |
Voting Results |
||
1. Ordinary Resolution |
||
| Description |
Proposed acquisition of two (2) pieces of adjoining freehold land from C P Landmark Sdn Bhd and August Line Sdn Bhd by Ivory Utilities Sdn Bhd, a wholly-owned subsidiary of Ivory Properties Group Berhad at a total purchase consideration of RM142,794,956.00. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 2 |
| No. of Shares | 270,995,213 | 58,000 |
| % of Voted Shares | 99.9786 | 0.0214 |
| Result | Accepted | |
Announcement Info
| Company Name | IVORY PROPERTIES GROUP BERHAD |
| Stock Name | IVORY |
| Date Announced | 25 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-20112020-00004 |
| Corporate Action ID | MY201120MEET0004 |