Nylex wishes to announce that the Company proposes to seek the approval of its shareholders for the following at the forthcoming 39th Annual General Meeting:
(a) to renew the mandate in respect of existing recurrent related party transactions with transacting related parties and to obtain a new mandate for additional recurrent related party transactions, pursuant to Paragraph 10.09 of the Listing Requirements of Bursa Securities and Practice Note 12/2001; and
(b) to renew the mandate for the Company to purchase up to ten per centum (10%) of its issued and paid-up share capital on Bursa Securities in accordance with the provisions of Section 67A of the Companies Act, 1965, the Company’s Articles of Association and the Listing Requirements of Bursa Securities.
A Circular/Statement to Shareholders in relation to the above will be sent to the shareholders on 27 October 2009.
This announcement is dated 26 October 2009. |
26/10/2009