GENERAL MEETINGS: Outcome of Meeting

PEGASUS HEIGHTS BERHAD

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 10 Jan 2020
Time 11:00 AM

Venue(s)
Convention Hall Centerpoint Seremban,

Lot 2-01, 2-02 and 2-03, 2nd Floor Centerpoint Seremban,

Lot 9149, Jalan Dato Siamang Gagap,

70100 Seremban, Negeri Sembilan

Malaysia

Outcome of Meeting

The Board of Directors of Pegasus Heights Berhad (“PHB” or “the Company”) is pleased to announce that the resolutions as set in the Notice of the Extraordinary General Meeting (“EGM”) dated 26 December 2019 was duly passed by way of poll voting at the EGM of the Company held on 10 January 2020.

 

The results of the poll were validated by Quantegic Services Sdn Bhd, the Independent Scrutineer appointed by the Company. A copy of the poll result is attached for reference.


This announcement is dated 10 January 2020.


Voting Results


1. Ordinary Resolution 1

Description
PROPOSED ACQUISITION OF THE BUSINESS OF CHINPAKLOONG ARCHITECT ("CPLA") FROM CHIN PAK LOONG ("CPL"), FOR A PURCHASE CONSIDERATION OF RM16.0 MILLION, TO BE SATISFIED VIA THE ALLOTMENT AND ISSUANCE OF 2,807,017,543 NEW ORDINARY SHARES IN PHB ("PHB SHARES") ("CONSIDERATION SHARES") AT THE ISSUE PRICE OF RM0.0057 PER CONSIDERATION SHARE ("ISSUE PRICE") ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 24
No. of Shares 2,984,498,516 1,397,458,400
% of Voted Shares 68.1088 31.8912
Result Accepted

2. Ordinary Resolution 2

Description
PROPOSED DIVERSIFICATION OF THE BUSINESS OF PHB AND ITS SUBSIDIARIES
("PHB GROUP") TO INCLUDE ARCHITECTURAL AND INTERIOR DESIGN BUSINESS
("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 21
No. of Shares 3,019,478,516 1,362,478,400
% of Voted Shares 68.9071 31.0930
Result Accepted



Please refer attachment below.

Attachments

EGM Poll Result-10.01.2020.pdf
35.5 kB




Announcement Info

Company Name PEGASUS HEIGHTS BERHAD
Stock Name PHB
Date Announced 10 Jan 2020
Category General Meeting
Reference Number GMA-07012020-00001
Corporate Action ID MY200107MEET0001