General Announcement for PLC
22/07/2022OTHERS TANCO HOLDINGS BERHAD ("TANCO" OR "THE COMPANY") PROPOSED RETIREMENT GRATUITY PAYMENT TO DATO' TAN LEE SING, THE GROUP EXECUTIVE DIRECTOR OF TANCO
| TANCO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | TANCO HOLDINGS BERHAD ("TANCO" OR "THE COMPANY")
PROPOSED RETIREMENT GRATUITY PAYMENT TO DATO' TAN LEE SING, THE GROUP EXECUTIVE DIRECTOR OF TANCO |
|
The Company wishes to announce that it intends to seek the approval of its shareholders for the proposed retirement gratuity payment of RM450,000 to Dato’ Tan Lee Sing (“Proposed Retirement Gratuity Payment”), who will retire as the Group Executive Director of Tanco at the end of her current employment contract which will expire on 31 July 2022, at a general meeting in recognition of her past services and contribution to Tanco.
The approval of the shareholders of Tanco at a general meeting is required for the Proposed Retirement Gratuity Payment pursuant to Section 230(1) of the Companies Act 2016.
Details of the Proposed Retirement Gratuity will be disclosed in a circular to shareholders which will be despatched to shareholders in due course.
This announcement is dated 22 July 2022. |
|
Announcement Info
| Company Name | TANCO HOLDINGS BERHAD |
| Stock Name | TANCO |
| Date Announced | 22 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072022-00039 |