General Announcement for PLC

15/10/2020

OTHERS Federal International Holdings Berhad ("FIHB" or "the Company") (i) Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature("RRPT") and Proposed Renewal of Existing Shareholders' Mandate for RRPT; and (ii) Proposed Renewal of Share Buy-Back Authority up to 10% of the Total Number of Issued Shares of the Company ("Proposed Renewal of Share Buy-Back Authority").

FEDERAL INTERNATIONAL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
Federal International Holdings Berhad ("FIHB" or "the Company")

(i) Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature("RRPT") and Proposed Renewal of Existing Shareholders' Mandate for RRPT; and

(ii) Proposed Renewal of Share Buy-Back Authority up to 10% of the Total Number of Issued Shares of the Company ("Proposed Renewal of Share Buy-Back Authority").
 
The Board of Directors of FIHB wishes to announce that the Company is proposing to seek for the approval of its shareholders on the Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT"), Proposed Renewal of Existing Shareholders' Mandate for RRPT and Proposed Renewal of Share Buy-Back Authority at the forthcoming Thirty-Seventh Annual General Meeting ("37th AGM") of the Company to be convened at a date to be notified later. 

The Proposed New Shareholders' Mandate for RRPT and Proposed Renewal of Existing Shareholders' Mandate for RRPT are to allow the Company and/or its subsidiaries to enter into RRPT of a revenue or trading nature which are necessary for its day-to-day operations. The Company had, at its Thirty-Sixth AGM ("36th AGM") held on 6 December 2019, obtained the mandate from its shareholders to enter into RRPT. This mandate will expire at the conclusion of the forthcoming 37th AGM. 

The Proposed Renewal of Share Buy-Back Authority is to renew the authority granted by the shareholders of the Company at the 36th AGM held on 6 December 2019. The Proposed Renewal of Share Buy-Back Authority will allow the Company to purchase its own shares of up to ten per centum (10%) of the total number of issued shares of the Company in accordance with Section 127 of the Companies Act 2016. 

A Circular/Statement to Shareholders containing the details in relation to the Proposed New Shareholders' Mandate for RRPT, Proposed Renewal of Existing Shareholders' Mandate for RRPT and Proposed Renewal of Share Buy-Back Authority of the Company will be uploaded onto the Company's website at www.fihb.my in due course, and upon request, despatched to the shareholders in due course. 

This announcement is dated 15 October 2020.



Announcement Info

Company Name FEDERAL INTERNATIONAL HOLDINGS BERHAD
Stock Name FIHB
Date Announced 15 Oct 2020
Category General Announcement for PLC
Reference Number GA1-15102020-00028


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