[IVORY] General Meeting on 30-Aug-2024

Stock
[IVORY]: IVORY PROPERTIES GROUP BERHAD
Announcement Date
30-Jul-2024
Reference No.
GMA-23072024-00006
Corporate Action ID
MY240723MEET0006
Type
General Meeting
Date & Time
30-Aug-2024 09:00
Depositor Date
22-Aug-2024
Venue
Broadcast Venue: Boardroom, Ivory Tower @ Penang Times Square, 81-11-1, Jalan Dato' Keramat, 10150 George Town, Penang,
Description
Ivory Properties Group Berhad - Nineteenth ("19th") Annual General Meeting ("AGM") The 19th AGM will be conducted virtually through live streaming and online remote voting using Remote Participation and Voting Facilities.
IPGB - Notice of 19th AGM.pdf
Outcome

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

1. Ordinary Resolution 1

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.
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

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.
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

Description 
To re-elect Dato' Low Eng Hock as a Director of the Company.
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

Description 
To re-elect Dato' Abu Bakar bin Hassan as a Director of the Company.
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

Description 
To re-appoint Messrs. UHY as Auditors of the Company.
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

Description 
Authority to issue and allot shares pursuant to the Companies Act 2016 and waiver of Pre-emptive Rights.
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

Description 
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
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

Remark
-
Market Buzz

2024-08-30

Meeting Outcome

General Meeting on 30-Aug-2024.

2024-08-30

Quarter Result

Quarter Result on 30-Jun-2024[#1] QoQ - 87.46% YoY - 12.21%.

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