General Announcement for PLC

20/04/2022

MULTIPLE PROPOSALS NCT ALLIANCE BERHAD (FORMERLY KNOWN AS GRAND-FLO BERHAD) ("NCT" AND "THE COMPANY") (I) PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES; AND (II) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE.

NCT ALLIANCE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
NCT ALLIANCE BERHAD (FORMERLY KNOWN AS GRAND-FLO BERHAD) ("NCT" AND "THE COMPANY")
(I) PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES; AND
(II) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE.

The Board of Directors of NCT wishes to inform that NCT intends to seek shareholders' approval in respect of the following proposals at the forthcoming Nineteenth Annual General Meeting of the Company:-

 

a) Proposed Renewal of the Authority for the Company to purchase its own Shares of up to 10% of its Total Number of Issued Shares ("Proposed Renewal of Share Buy-Back Authority"); and

b) Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature ("Proposed Renewal of Existing Shareholders' Mandate").

 

A Statement to Shareholders containing the details of the Proposed Renewal of Share Buy-Back Authority and Circular to Shareholders on Proposed Renewal of Existing Shareholders' Mandate together with the Annual Report 2021 will be announced and published on the Company's website in due course. 

 

This announcement is dated 20 April 2022.



Announcement Info

Company Name NCT ALLIANCE BERHAD
Stock Name NCT
Date Announced 20 Apr 2022
Category General Announcement for PLC
Reference Number GA1-20042022-00011


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