SARAWAK PLANTATION BERHAD
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150
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Annual Report 2014
6. PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT
RELATED PARTY TRANSACTIONS (RRPT) OF A REVENUE OR TRADING NATURE
(continued)
(b) A disclosure of the aggregate amount of RRPT conducted pursuant to
the Proposed Renewal of Shareholders’ Mandate shall be made in the Annual
Report, including a breakdown of the aggregate value of the RRPT made
during the financial year, amongst others, based on the following
information:
(i) The type of recurrent transactions made; and
(ii) The names of the related parties involved in each type of recurrent
transaction made and their relationship with the Company
AND THAT such approval shall continue to be in force until:
(i) The conclusion of the next Annual General Meeting (AGM) of the
Company;
(ii) The expiration of the period within which the next AGM of the Company
subsequent to this date is required to be held pursuant to Section 143(1)
of the Companies Act 1965 (“the Act”) (but shall not extend to such
extension as may be allowed pursuant to Section 143(2) of the Act); or
(iii) Revoked or varied by resolution passed by the shareholders in general
meeting;
Whichever is the earlier
AND THAT the Directors of the Company be authorised to complete and do
all such acts and things as they may consider expedient or necessary to
give effect to the Proposed Shareholders’ Mandate for the period from
this AGM to the next AGM.”
7. PROPOSED RENEWAL OF AUTHORITY TO PURCHASE OWN SHARES
“THAT subject always to the Companies Act 1965 and all other applicable laws,
guidelines, rules and regulations, the Directors of the Company be and are
hereby unconditionally authorised to purchase such amount of ordinary shares of
RM1.00 each in the Company as may be determined by the Directors of the
Company from time to time through Bursa Malaysia Securities Berhad upon
such terms and conditions as the Directors may deem fit, necessary and
expedient in the interest of the Company provided that:
(a) The aggregate number of shares to be purchased and / or held pursuant
to this resolution does not exceed 10% of the Issued and Paid Up share
capital of the Company; and
(b) An amount not exceeding RM20 million being the amount not exceeding
the total Company’s latest audited cash and bank balances of
RM56,715,242 as at 31 December 2014 be allocated for the proposed
share buy back;
(c) The Directors of the Company may decide in their discretion to retain the
ordinary shares in the Company as Treasury Shares and / or cancel them
and / or resell them and / or distribute them as share dividends
AND THAT authority be and is hereby given to the Directors of the Company to
act and to take all such steps and to do all things as are necessary or expedient
to implement and finalise and give effect to the Proposed Share Buy Back;
AND THAT such authority conferred by the resolution will commence immediately
and shall continue to be in force until the conclusion of the next AGM of the
Company following the passing of this ordinary resolution, unless revoked or
varied by an ordinary resolution of the shareholders of the Company in a general
meeting.”
Ordinary Resolution 8
Ordinary Resolution 9
Notice of Annual General Meeting
