The
Board of Directors ("Board") wishes to announce that Tasek Corporation
Berhad ("Tasek" or "the Company") proposes to seek the approval of its
shareholders for the Proposals at its forthcoming 52nd Annual General
Meeting ("AGM") to be convened.
2. The Proposals
2.1 Proposed Shareholders' Mandate
The
Board has proposed to obtain a renewal of shareholders' mandate for the
Company on a recurrent related party transactions of a revenue or
trading nature ( "Proposed Shareholders' Mandate") to comply with
Paragraph 10.09 of the Listing Requirements. The Company had at its 51st
AGM held on 30th April 2012 obtained shareholders' approval for such
mandate. This mandate will expire at the forthcoming 52nd AGM.
Accordingly, the Board proposes to seek shareholders' approval for
renewal of the Proposed Shareholders' Mandate.
2.2 Proposed Share Buy-Back
The
Company had at its 51st AGM held on 30th April 2012, obtained
shareholders' approval for the renewal of authority for the Company to
purchase its own ordinary shares up to ten per centum (10%) of the
issued and paid-up ordinary share capital of Tasek. The authority
conferred by the shareholders at the said 51st AGM will expire at the
forthcoming 52nd AGM. Accordingly, the Board proposes to seek
shareholders approval for renewal of the authority for the proposed
Share Buy-Back.
A circular containing the details of the Proposals will be despatched to shareholders.