GENERAL MEETINGS: Outcome of Meeting
| MAA GROUP BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 05 Jan 2024 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue Astana Meeting Room 15th Floor, No. 566, Jalan Ipoh 51200 Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of MAA Group Berhad is pleased to announce that the ordinary resolution as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 21 December 2023 was duly passed at the aforesaid EGM which was conducted electronically in its entirety via Remote Participation and Voting facilities at the above Broadcast Venue on 5 January 2024.
The detailed poll results were verified by the Independent Scrutineers, Symphony Corporate Services Sdn Bhd as per attachment.
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Voting Results |
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1. Ordinary Resolution |
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| Description |
Proposed Disposal by MAA International Group Ltd, a Wholly-Owned Subsidiary of MAA Corporation Sdn Bhd, which in turn is a Wholly-Owned Subsidiary of MAA Group Berhad, of 579,805 Common Shares in MAA General Assurance Philippines Inc ("MAAGAP"), Representing 85% Equity Interest in MAAGAP, to Triple P Philippines Pte Ltd ("Triple P" or the "Purchaser") for a Disposal Consideration of USD49.30 Million (Equivalent to RM230.80 Million) to be Wholly Satisfied in Cash, with an Option Granted for the Sale of the Remaining 102,318 MAAGAP Shares, Representing 15% Equity Interest in MAAGAP, to the Purchaser for an Option Consideration of USD8.70 Million (Equivalent to RM40.73 Million)
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 49 | 29 |
| No. of Shares | 118,504,721 | 15,551 |
| % of Voted Shares | 99.9869 | 0.0131 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | MAA GROUP BERHAD |
| Stock Name | MAA |
| Date Announced | 05 Jan 2024 |
| Category | General Meeting |
| Reference Number | GMA-04012024-00001 |
| Corporate Action ID | MY240104MEET0001 |