GENERAL MEETINGS: Outcome of Meeting
| KIP REAL ESTATE INVESTMENT TRUST |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 02 Oct 2024 |
| Time | 11:45 AM |
| Venue(s) |
Broadcast Venue: 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | We wish to announce that the 4 Ordinary Resolutions set out in the Notice of Unitholders' Meeting of KIP Real Estate Investment Trust ("KIP REIT") held on 2 October 2024 were duly passed by way of poll.
The results of the poll as stated below were duly verified by Sky Corporate Services Sdn Bhd, the Independent Scrutineer appointed by KIP REIT.
This announcement is dated 2 October 2024. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
PROPOSED ACQUISITION OF DPULZE SHOPPING CENTRE ("PROPERTY") BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT ("TRUSTEE"), FROM DPULZE VENTURES SDN BHD FOR A CASH PURCHASE CONSIDERATION OF RM320,000,000 ("PROPOSED ACQUISITION")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 126 | 20 |
| No. of Shares | 255,269,464 | 587,022 |
| % of Voted Shares | 99.7706 | 0.2294 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
PROPOSED PLACEMENT OF UP TO 180,000,000 NEW UNITS IN KIP REIT ("UNITS") ("PLACEMENT UNITS"), AT AN ISSUE PRICE TO BE DETERMINED LATER BY WAY OF BOOKBUILDING ("PROPOSED PLACEMENT")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 113 | 26 |
| No. of Shares | 173,310,581 | 14,393,622 |
| % of Voted Shares | 92.3318 | 7.6682 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
PROPOSED PLACEMENT OF UP TO 15,000,000 PLACEMENT UNITS TO DATO' ONG KOOK LIONG, A MAJOR UNITHOLDER OF KIP REIT, AND TO PERSONS CONNECTED WITH HIM, PURSUANT TO THE PROPOSED PLACEMENT ("PROPOSED PLACEMENT TO DATO' ONG KOOK LIONG AND PERSONS CONNECTED")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 34 |
| No. of Shares | 172,613,381 | 15,030,622 |
| % of Voted Shares | 91.9898 | 8.0102 |
| Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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| Description |
PROPOSED PLACEMENT OF UP TO 6,000,000 PLACEMENT UNITS TO ONG PUI SHAN, PURSUANT TO THE PROPOSED PLACEMENT TO DATO' ONG KOOK LIONG AND PERSONS CONNECTED ("PROPOSED PLACEMENT TO ONG PUI SHAN")
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 34 |
| No. of Shares | 172,613,381 | 15,030,622 |
| % of Voted Shares | 91.9898 | 8.0102 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | KIP REAL ESTATE INVESTMENT TRUST |
| Stock Name | KIPREIT |
| Date Announced | 02 Oct 2024 |
| Category | General Meeting |
| Reference Number | GMA-25092024-00011 |
| Corporate Action ID | MY240925MEET0011 |