The Board of Directors of SEB wishes to announce that the Company proposes to seek the shareholders' approval for the Proposed Shareholders' Mandate and Proposed Renewal of Share Buy-Back Mandate.
The Company had on 18 June 2014, obtained its shareholders' mandates to enter into RRPT which are necessary for the day-to-day operations of SEB and its subsidiary companies and to purchase in aggregate of up to 10% of its issued and paid-up share capital. The said mandates shall lapse at the conclusion of the forthcoming annual general meeting ("AGM") of SEB, unless approval for its renewal is obtained from the shareholders of the Company at the forthcoming AGM.
A Circular to Shareholders containing the details of the Proposed Shareholders' Mandate and Proposed Renewal of Share Buy-Back Mandate will be dispatched to the shareholders of SEB in due course.
This announcement is dated 17 April 2015