IVORY

0.060

-0.01 (-14.3%)

GENERAL MEETINGS: Outcome of Meeting

IVORY PROPERTIES GROUP BERHAD

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 30 Aug 2019
Time 10:00 AM
Venue 
Auditorium, Ivory Tower @ Penang Times Square, 
81-11-1, Jalan Dato' Keramat, 
10150 George Town, 
Penang, Malaysia
Outcome of Meeting

Pursuant to Paragraph 9.19(7) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Ivory Properties Group Berhad ("Company") is pleased to announce that all the resolutions as set out in the Notice of the 14th Annual General Meeting ("AGM") of the Company dated 31 July 2019 were duly approved by way of poll by the shareholders of the Company except for Ordinary Resolution 7 in relation to the retention of the late Mr. Loh Chye Teik as an Independent Non-Executive Director ("INED") and to continue to act as an INED of the Company which has been withdrawn following the demise of late Mr. Loh Chye Teik as announced on 26 August 2019.

 

The remaining resolutions were voted by poll and the results of the polll were validated by Value Creator Consultancy, the Scrutineer appointed by the Company at the AGM held at Auditorium, Ivory Tower @ Penang Times Square, 81-11-1, Jalan Dato' Keramat, 10150 George Town, Penang, Malaysia on Friday, 30 August 2019

 

This announcement is dated 30 August 2019. 

Voting Results

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares % 
Ordinary Resolution 1:
Payment of Directors’ fees of RM180,000 for the financial year ended 31 March 2019
 279,991,598 99.991572 23,600 0.008428 Carried 
Ordinary Resolution 2:
Re-election of  Mr. Lim Hock Siu as a Director of the Company
 279,992,023 99.997500 7,000 0.002500 Carried 
Ordinary Resolution 3:
Re-election of  Dato’ Low Eng Hock as a Director of the Company
 280,006,233 99.995715 12,000 0.004285 Carried 
Ordinary Resolution 4:
Re-election of Mr. Low Wei Shane as a Director of the Company
 279,894,203 99.953674 129,725 0.046326 Carried 
Ordinary Resolution 5:
Re-appointment of Messrs. KPMG PLT as Auditors of the Company
 280,000,203 99.992777 20,225 0.007223 Carried 
Ordinary Resolution 6:
Retention of Dr Asairinachan @ Aravinachan AL Kunjamboo as Independent Non-Executive Director
279,953,798 99.992598 20,725 0.007402 Carried 
Ordinary Resolution 8:
Retention of Mr. Lim Hock Siu as Independent Non-Executive Director
 279,801,243 99.999464 1,500 0.000536 Carried 
Ordinary Resolution 9:
Payment of benefits payable to the Directors under Section 230(1)(b) of the Companies Act, 2016
279,914,903 99.966680 93,300 0.033320 Carried 
Ordinary Resolution 10:
Authority to Issue and Allot Shares
 279,831,503 99.935244 181,325 0.064756 Carried 
Ordinary Resolution 11:
Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
 9,915,102 99.565941 43,225 0.434059 Carried 
Special Resolution:
Adoption of a new Constitution of the Company
 249,598,601 99.947653 130,725 0.052347 Carried



Announcement Info

Company Name IVORY PROPERTIES GROUP BERHAD
Stock Name IVORY
Date Announced 30 Aug 2019
Category General Meeting
Reference Number GMA-14082019-00003


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