GENERAL MEETINGS: Outcome of Meeting
| ISKANDAR WATERFRONT CITY BERHAD |
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 11 Feb 2026 |
| Time | 09:30 AM |
| Venue(s) |
Emerald Level 10, Holiday Inn Johor Bahru City Centre, Jalan Tun Abdul Razak, 80888 Ibrahim International Business District, Johor Bahru, Johor, Malaysia |
| Outcome of Meeting | The Board of Directors of Iskandar Waterfront City Berhad ("IWC" or "the Company") wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 20 January 2026 were duly passed by the shareholders of the Company by way of poll at its EGM held today.
Aegis Communication Sdn. Bhd. was appointed to act as Scrutineer to validate the votes cast at the meeting.
The results of the poll are set out below and the details of the poll results are as attached.
This announcement is dated 11 February 2026. |
Voting Results |
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1. 1. Ordinary |
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| Description |
The Proposed Settlement of Advances Made Available by Rampai Fokus Sdn. Bhd. ("RFSB") To the Company and Its Group of Subsidiaries as at 28 February 2025, Together with Interest Accrued Thereon, Amounting to An Aggregate Sum of RM268.4 million (Collectively, the "Outstanding Sum"), To Be Fully Satisfied Via the Allotment and Issuance Of:
(A) Up To 225,200,000 New Redeemable Preference Shares - Class A ("RPS-A") In Tebrau Bay Sdn. Bhd. ("TBSB"), A Wholly-Owned Subsidiary of The Company, At an Issue Price of RM1.00 per RPS-A ("TBSB RPS-A"); and
(B) Up To 43,200,000 New RPS-A In Tebrau Bay Constructions Sdn. Bhd. ("TBCSB"), A Wholly-Owned Subsidiary of The Company, At an Issue Price of RM1.00 per RPS-A ("TBCSB RPS-A") ("Proposed Debt Settlement").
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 11 | 0 |
| No. of Shares | 31,725,300 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. 2. Special |
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| Description |
The Proposed Reduction of The Issued Share Capital of The Company Pursuant to Section 117 of the Companies Act 2016 ("Proposed Capital Reduction").
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 0 |
| No. of Shares | 372,873,469 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | ISKANDAR WATERFRONT CITY BERHAD |
| Stock Name | IWCITY |
| Date Announced | 11 Feb 2026 |
| Category | General Meeting |
| Reference Number | GMA-11022026-00002 |
| Corporate Action ID | MY260211MEET0002 |