Investment Research Group (IRG) - Annual Meeting

IRG held its Annual Meeting on 16 September 2011 and advises the results of the Resolutions.

1. Appointment of auditors, Staples Rodway – carried.
2. Appointment of Brent Douglas King as a director – carried.
3. Appointment of Colin Craig Gardner as a director – carried.
4. Appointment of Tan Sri Hamid Bin Bugo as a director – carried.
5. Appointment of Timothy Peter Keene as a director – carried.
6. Appointment of Rewi Hamid Bugo as a new director – carried.

The chairman of IRG, Mr Marvin Yee, said “The information presented was received well by the meeting. The re-capitalisation created by the placement of shares to GA Sego has allowed the company to move to a positive outlook”.

Mr Brent King, Managing Director of IRG, commented on the past year’s performance and outlined the expectations for the future.

He announced that the directors had considered a number of options for dealing with non-marketable parcels and had agreed upon an innovative structure working in conjunction with the Rotary Club of Birkenhead Charitable Trust. Precise details of the procedure and timings will be announced shortly.

Mr King also advised that the directors had agreed to consolidate the shares on a 1:20 basis with the timing of record date to be advised.

Mr Yee commented that “although the financial markets had been difficult for some time IRG was now well positioned to take advantage of opportunities as they presented”.

For further information contact:

Mr Brent King, 021 632 660, This email address is being protected from spambots. You need JavaScript enabled to view it. OR Mr Marvin Yee,  0272 553 288, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Click here to read the Managing Directors Speech.