GENERAL MEETINGS: Outcome of Meeting
| KERJAYA PROSPEK PROPERTY BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 Aug 2025 |
| Time | 12:00 PM |
| Venue(s) |
Ballroom 1, Level 3, Courtyard by Marriot Kuala Lumpur South No. 137, Jalan Puchong 58200 Kuala Lumpur Wilayah Persekutuan Kuala Lumpur Malaysia |
| Outcome of Meeting | The Board of Directors of Kerjaya Prospek Property Berhad ("KPProp") wishes to announce that the shareholders of KPProp have at the Extraordinary General Meeting ("EGM") held this afternoon, approved all the ordinary resolutions as set out in the notice of EGM dated 5 August 2025 ("Resolutions").
The voting in respect of the Resolutions was carried out by way of a poll, results of which were validated by AscendServ Capital Market Services Sdn. Bhd., an independent scrutineer appointed by KPProp. Details of the results of the polling in respect of the Resolutions at the EGM are shown in the table. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the proposed renounceable rights issue of 273,820,769 ordinary shares in the Company ("KPPROP SHARE(S)") at an issue price of RM0.20 per rights share on the basis of one (1) rights share for every two (2) existing KPPROP SHARES held by the entitled shareholders on an entitlement date to be determined later.
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 37 | 4 |
| No. of Shares | 413,786,706 | 700,200 |
| % of Voted Shares | 99.8311 | 0.1689 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the proposed renounceable rights Issue of 410,731,154 8-Year 4.2% Redeemable Convertible Unsecured Loan Stocks in the Company ("RCULS") at 100% of its nominal value of RM0.2250 each on the basis of three (3) RCULS for every four (4) existing KPPROP SHARES held by the entitled shareholders on an entitlement date to be determined later.
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 37 | 4 |
| No. of Shares | 413,786,706 | 700,200 |
| % of Voted Shares | 99.8311 | 0.1689 |
| Result | Accepted | |
Announcement Info
| Company Name | KERJAYA PROSPEK PROPERTY BERHAD |
| Stock Name | KPPROP |
| Date Announced | 28 Aug 2025 |
| Category | General Meeting |
| Reference Number | GMA-26082025-00009 |
| Corporate Action ID | MY250826MEET0009 |