GENERAL MEETINGS: Outcome of Meeting

AL-`AQAR HEALTHCARE REIT

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 13 Dec 2022
Time 03:30 PM

Venue(s) 
Anugerah Hall, Level 14, West Wing,

KPJ Ampang Puteri Specialist Hospital

No. 1, Jalan Mamanda 9, Taman Dato Ahmad Razali

Ampang, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of Damansara REIT Managers Sdn Berhad("DRMSB"), the Manager of Al-Aqar Healthcare REIT ("AL- Aqar")  is pleased to inform that the Unitholders Al Aqar had, at the Extraordinary General Meeting ("EGM") of Al Aqar held on Tuesday, 13 December 2022, approved all the 4 Ordinary Resolutions and 1 Special Resolution set out in the Notice of the EGM by way of poll.

 The results of the the poll were duly validated by Cygnus IT Solutions PLT, the Independent Scrutineer appointed by DRMSB.

Details of the results of the poll are set out below.

This announcement is dated 13 December 2022.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED ACQUISITIONS BY AMANAHRAYA TRUSTEES BERHAD (TRUSTEE) (ACTING SOLELY IN ITS CAPACITY AS TRUSTEE FOR AND ON BEHALF OF AL-AQAR) OF THE FOLLOWING: -

(I)	A BUILDING KNOWN AS TMC HEALTH CENTRE (TMC NEW BUILDING) FROM PENANG SPECIALIST HOSPITAL SDN BHD (PNG), A WHOLLY-OWNED SUBSIDIARY OF KPJ HEALTHCARE BHD (KPJ), FOR A TOTAL CASH CONSIDERATION OF RM14,300,000 (PROPOSED ACQUISITION OF TMC NEW BUILDING);

(II)	A BUILDING FORMING PART OF KPJ SEREMBAN SPECIALIST HOSPITAL (SEREMBAN NEW BUILDING) FROM MAHARANI SPECIALIST HOSPITAL SDN BHD (MSH), A WHOLLY-OWNED SUBSIDIARY OF KPJ, FOR A TOTAL CASH CONSIDERATION OF RM84,700,000 (PROPOSED ACQUISITION OF SEREMBAN NEW BUILDING); AND

(III)	KPJ PASIR GUDANG SPECIALIST HOSPITAL (PASIR GUDANG PROPERTY) FROM PASIR GUDANG SPECIALIST HOSPITAL SDN BHD (PGSH), A WHOLLY-OWNED SUBSIDIARY OF KPJ, FOR A TOTAL CONSIDERATION OF RM93,000,000 TO BE SATISFIED VIA COMBINATION OF CASH OF RM RM67,989,183 AND ISSUANCE OF 20,500,669 NEW ORD
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 1
No. of Shares 321,743,135 10,000
% of Voted Shares 99.9969 0.0031
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED LEASE BY THE TRUSTEE (ACTING SOLELY IN ITS CAPACITY AS TRUSTEE FOR AND ON BEHALF OF AL-AQAR) OF THE FOLLOWING: -

(I)	TMC NEW BUILDING TO PNG UPON COMPLETION OF THE PROPOSED ACQUISITION OF TMC NEW BUILDING (PROPOSED LEASE OF TMC NEW BUILDING);

(II)	SEREMBAN NEW BUILDING TO MSH UPON COMPLETION OF THE PROPOSED ACQUISITION OF SEREMBAN NEW BUILDING (PROPOSED LEASE OF SEREMBAN NEW BUILDING); AND

(III)	PASIR GUDANG PROPERTY TO PGSH UPON COMPLETION OF THE PROPOSED ACQUISITION OF PASIR GUDANG PROPERTY (PROPOSED LEASE OF PASIR GUDANG PROPERTY);
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 1
No. of Shares 321,743,135 10,000
% of Voted Shares 99.9969 0.0031
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED ALLOTMENT OF UP TO 73,598,509 NEW UNITS IN Al-AQAR (PLACEMENT UNITS) TO BE ISSUED, BEING UP TO 10% OF THE TOTAL NUMBER OF UNITS ISSUED, PURSUANT TO THE PROPOSED PRIVATE PLACEMENT OF UP TO 118,965,517 NEW UNITS REPRESENTING UP TO 16.16% OF THE TOTAL NUMBER OF UNITS ISSUED AS AT 31 OCTOBER 2022 (PROPOSED PRIVATE PLACEMENT) TO LEMBAGA TABUNG HAJI (LTH) AND/OR PERSONS CONNECTED WITH LTH (PROPOSED ALLOTMENT TO LTH)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 3
No. of Shares 442,311,393 38,800
% of Voted Shares 99.9912 0.0088
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED ALLOTMENT OF UP TO 73,598,509 PLACEMENT UNITS TO BE ISSUED, BEING UP TO 10% OF THE TOTAL NUMBER OF UNITS ISSUED, PURSUANT TO THE PROPOSED PRIVATE PLACEMENT TO EMPLOYEES PROVIDENT FUND BOARD (EPF) AND/OR PERSONS CONNECTED WITH EPF (PROPOSED ALLOTMENT TO EPF)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 3
No. of Shares 388,415,243 38,800
% of Voted Shares 99.9900 0.0100
Result Accepted

5. SPECIAL RESOLUTION 1

Description 
PROPOSED REVISION IN MANAGEMENT FEE
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 4
No. of Shares 321,518,223 230,400
% of Voted Shares 99.9284 0.0716
Result Accepted





Announcement Info

Company Name AL-`AQAR HEALTHCARE REIT
Stock Name ALAQAR
Date Announced 13 Dec 2022
Category General Meeting
Reference Number GMA-13122022-00010
Corporate Action ID MY221213MEET0010


Please refer attachment below.

  1. Scrutineer Report - EGM AA (13.12.2022).pdf