General Announcement for PLC

25/06/2019

MULTIPLE PROPOSALS 1) RECOMMENDATION OF FIRST AND FINAL DIVIDEND (2) PROPOSED RENEWAL OF SHARE BUY-BACK (3) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

PANSAR BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
1) RECOMMENDATION OF FIRST AND FINAL DIVIDEND
(2) PROPOSED RENEWAL OF SHARE BUY-BACK
(3) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Pansar Berhad (the Company) wishes to announce that the Board of Directors had on 25 June 2019 :-

(i) recommended a first and final single tier dividend 1 sen per ordinary share for the financial year ended 31 March 2019, payable on 26 September 2019 to depositors whose names appear in the Record of Depositors on 10 September 2019, for approval by shareholders at the forthcoming Annual General Meeting (AGM) of the Company. The notice of dividend entitlement and payment shall be advertised at a later date.

(ii) proposed to seek shareholders’ approval on the Proposed Share Buy-Back by way of an ordinary resolution at the forthcoming 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 purchase of own shares shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained.

(iii) proposed to seek renewal of shareholders' mandate for the Recurrent Related Party Transaction (RRPT) from the shareholders at the AGM to be convened at a later date.

A Statement/Circular to Shareholders in relation to the Proposed Share Buy-Back and RRPT is currently being prepared and will be despatched to shareholders in due course.

This announcement is dated 25 June 2019.



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 25 Jun 2019
Category General Announcement for PLC
Reference Number GA1-25062019-00141


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