The Board of Directors of SEB ("Board") wishes to announce that the Company proposes to seek the shareholders' approval for the Proposed Shareholders' Mandate, Proposed Renewal of Share Buy-Back Mandate and Proposed Amendments.
The Company had, on 15 June 2011 , 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.
The Proposed Amendments are made to streamline the Company's Articles of Association with the amended Main Market Listing Requirements of Bursa Malaysia Securities Berhad, and to ensure clarity and consistency throughout the Articles of Association.
A Circular to Shareholders containing the details of the Proposed Shareholders' Mandate, Proposed Renewal of Share Buy-Back Mandate and Proposed Amendments will be despatched to the shareholders of SEB in due course.
This announcement is dated 10 April 2012