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General Meetings: Outcome Of Meeting
BackMar 11, 2025
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 11 Mar 2025 |
| Time | 10:30 AM |
| Venue(s) | Platinum Hall @ Platinum Suites, D-50A-01, Level 50A 1020, Jalan Sultan Ismail, Kampung Baru 50250 Kuala Lumpur W.P. Kuala Lumpur Malaysia |
| Outcome of Meeting |
The Board of Directors of Radium Development Berhad ("Radium" or "Company") wishes to announce that the shareholders of the Company had approved all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company dated 24 February 2025 at the EGM of the Company held on 11 March 2025.
The results of the poll which were validated by Sky Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company, are set out below.
This announcement is dated 11 March 2025. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description | PROPOSED ACQUISITION OF 3 PARCELS OF CONTIGUOUS LEASEHOLD LAND, LOCATED IN MUKIM KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR ("SUBJECT LANDS"), BY RADIUM J VELODROME SDN BHD (FORMERLY KNOWN AS GI CITARASA SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF MONTANICA DEVELOPMENT SDN BHD WHICH IS IN TURN A WHOLLY-OWNED SUBSIDIARY OF RADIUM DEVELOPMENT BERHAD ("RADIUM" OR THE "COMPANY") FOR A PURCHASE CONSIDERATION OF RM458.00 MILLION, TO BE SATISFIED ENTIRELY IN CASH ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION") | |
| Shareholder's Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 69 | 2 |
| No. of Shares | 480,368,289 | 1,100 |
| % of Voted Shares | 99.9998 | 0.0002 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description | PROPOSED SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO BUY-BACK ITS OWN SHARES UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES ("PROPOSED NEW SHARE BUY-BACK AUTHORITY") | |
| Shareholder's Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 88 | 2 |
| No. of Shares | 2,826,403,122 | 300 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | RADIUM DEVELOPMENT BERHAD |
| Stock Name | RADIUM |
| Date Announced | 11 Mar 2025 |
| Category | General Meeting |
| Reference Number | GMA-10032025-00002 |
| Corporate Action ID | MY250310MEET0002 |
Attachments
- RDB_EGM_Polling_Results_20250311.pdf (Size: 1,437,433 bytes)