GENERAL MEETINGS: Outcome of Meeting
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 02 Oct 2020 |
| Time | 04:50 PM |
| Venue(s) |
Broadcast venue: Penthouse, Level 20, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Sunway REIT Management Sdn Bhd, the Manager for Sunway Real Estate Investment Trust ("SUNREIT"), wishes to announce that all the resolutions as set out in the Notice of Unitholders' Meeting dated 17 September 2020 were duly approved by the unitholders of SUNREIT today.
All the resolutions were voted by poll via the Remote Participation and Voting (RPV) Facility at www.sunwaymanagement.com.my.
The results of the poll were validated by BDO Consulting Sdn Bhd, the independent scrutineer appointed by SUNREIT as per the attachment and are set out below.
This announcement is dated 2 October 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
Proposed acquisition by RHB Trustees Berhad, on behalf of Sunway Real Estate Investment Trust ("Sunway REIT"), of The Pinnacle Sunway from Sunway Integrated Properties Sdn Bhd and Sunway Pinnacle Sdn Bhd, the wholly-owned indirect subsidiaries of Sunway Berhad, for a cash consideration of RM450.0 million
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 57 | 3 |
| No. of Shares | 1,074,359,645 | 7,700 |
| % of Voted Shares | 99.9993 | 0.0007 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
Proposed private placement of up to 589,015,600 new units in Sunway REIT ("Placement Units"), representing up to 20.0% of the total number of issued units of Sunway REIT of 2,945,078,000 units, to raise gross proceeds of up to RM710.0 million, the actual amount of Placement Units and placement issue price for which shall be determined by way of bookbuilding
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 7 |
| No. of Shares | 1,072,698,245 | 1,668,200 |
| % of Voted Shares | 99.8447 | 0.1553 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
Proposed allocation of up to 294,507,800 Placement Units to Sunway REIT Holdings Sdn Bhd pursuant to the bookbuilding exercise |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 7 |
| No. of Shares | 1,072,694,345 | 1,666,100 |
| % of Voted Shares | 99.8449 | 0.1551 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
Proposed allocation of up to 140,000,000 Placement Units to Employees Provident Fund Board and/or persons connected with them pursuant to the bookbuilding exercise |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 9 |
| No. of Shares | 1,657,404,710 | 1,668,500 |
| % of Voted Shares | 99.8994 | 0.1006 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 02 Oct 2020 |
| Category | General Meeting |
| Reference Number | GMA-29092020-00002 |
| Corporate Action ID | MY200929MEET0002 |