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 19th Annual General Meeting ("19th AGM") dated 31 July 2024 were duly passed at the 19th AGM of the Company held on 30 August 2024.
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 30 August 2024.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors fees of RM127,000 per annum for Non-Executive Directors, to be paid on a monthly basis for the financial year ending 31 March 2025 and thereafter. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 50 | 5 |
No. of Shares | 292,734,183 | 253 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of benefits (excluding Directors fees) payable to the Directors up to an amount of RM50,000 from 31 August 2024 until the next AGM of the Company to be held in year 2025. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 50 | 5 |
No. of Shares | 292,734,183 | 253 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Dato' Low Eng Hock as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 53 | 3 |
No. of Shares | 159,322,085 | 201 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Dato' Abu Bakar bin Hassan as a Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 53 | 4 |
No. of Shares | 292,874,233 | 203 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs. UHY as Auditors of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 55 | 2 |
No. of Shares | 292,874,335 | 101 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Authority to issue and allot shares pursuant to the Companies Act 2016 and waiver of Pre-emptive Rights. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 6 |
No. of Shares | 292,806,233 | 68,203 |
% of Voted Shares | 99.9767 | 0.0233 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 36 | 4 |
No. of Shares | 98,460,582 | 203 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
2024-08-30