GENERAL MEETINGS: Outcome of Meeting
| IVORY PROPERTIES GROUP BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 23 Sep 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 all the resolutions as set out in the Notice of the 15th Annual General Meeting ("15th AGM") dated 25 August 2020 were duly passed at the 15th AGM of the Company held on 23 September 2020.
All resolutions were voted by poll and the results of the poll were 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 23 September 2020. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of Directors fees of RM174,375 per annum for Non-Executive Directors in respect of the financial year ended 31 March 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 1 |
| No. of Shares | 271,205,278 | 90 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of benefit payable to the Directors up to an amount of RM200,000 from 23 September 2020 until the next AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 1 |
| No. of Shares | 271,205,278 | 90 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect Dr. Asairinachan @ Aravinachan A/L Kunjamboo as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 1 |
| No. of Shares | 271,159,188 | 90 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Low Wei Shane as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 1 |
| No. of Shares | 271,202,840 | 90 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Tan Soo Mooi as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 3 |
| No. of Shares | 271,202,789 | 141 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-appoint Messrs KPMG PLT as Auditors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 3 |
| No. of Shares | 271,202,789 | 141 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To empower the Directors to issue and allot shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 3 |
| No. of Shares | 271,202,789 | 141 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
To renew Shareholders Mandate for recurrent related party transactions of a revenue or trading nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 26 | 1 |
| No. of Shares | 1,521,589 | 90 |
| % of Voted Shares | 99.9941 | 0.0059 |
| Result | Accepted | |
9. Resolution 9 |
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| Description |
To retain Dr. Asairinachan @ Aravinachan A/L Kunjamboo as Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 46 | 1 |
| No. of Shares | 271,157,840 | 90 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Resolution 10 |
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| Description |
To retain Lim Hock Siu as Independent Non-Executive Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 46 | 1 |
| No. of Shares | 271,007,090 | 90 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | IVORY PROPERTIES GROUP BERHAD |
| Stock Name | IVORY |
| Date Announced | 23 Sep 2020 |
| Category | General Meeting |
| Reference Number | GMA-15092020-00009 |
| Corporate Action ID | MY200915MEET0009 |