General Announcement for PLC

19/07/2022

MULTIPLE PROPOSALS (1) PROPOSED RENEWAL OF SHARE BUY-BACK ("PROPOSED SHARE BUY-BACK") (2) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATES FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")

PANSAR BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
(1) PROPOSED RENEWAL OF SHARE BUY-BACK ("PROPOSED SHARE BUY-BACK")
(2) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATES FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")

The Board of Directors of Pansar Berhad (the Company) wishes to announce the following:

(i) proposed to seek shareholders' approval of the Proposed Share Buy-Back by way of an ordinary resolution at the forthcoming Annual General Meeting ("AGM") of the Company to be convened at a later date. In accordance with the Listing Requirements of Bursa Malaysia Securities Berhad, the existing authority for the purchase of own shares shall lapse at the conclusion of the forthcoming AGM, unless the renewal is obtained.

(ii) proposed to seek shareholders' approval of the Proposed Shareholders' Mandate for the Recurrent Related Party Transactions (RRPT) of a Revenue or Trading Nature at the forthcoming AGM to be convened later.

A Statement/Circular to Shareholders concerning the Proposed Share Buy-Back and Proposed Shareholders' Mandate is being prepared and will be dispatched to shareholders in due course.

This announcement is dated 19 July 2022.



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 19 Jul 2022
Category General Announcement for PLC
Reference Number GA1-19072022-00012


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