OTHERS LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR THE "COMPANY") - Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate") - Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares ("Proposed Renewal of Share Buy-Back Authority")
| LATITUDE TREE HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR THE "COMPANY") - Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate") - Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares ("Proposed Renewal of Share Buy-Back Authority") |
1. INTRODUCTION The Board of Directors of LTHB is proposing the following:-
(ii) To seek a renewal of the authority from the shareholders of LTHB at the Eighteenth AGM to be convened, for the Company to purchase and/or hold in aggregate such number of ordinary shares of RM1.00 each in LTHB ("LTHB Shares") representing up to ten per centum (10%) of the issued and paid-up share capital of LTHB ("Proposed Renewal of Share Buy-Back Authority") through Bursa Securities, subject to all other applicable and prevailing laws, rules, regulations, orders, guidelines and requirements. 2. DETAILS OF THE PROPOSALS
The Board therefore proposes to seek the approval of the shareholders of LTHB for the Proposed Shareholders' Mandate at the Eighteenth AGM of the Company to be convened. 2.1 Proposed Renewal of Share Buy-Back Authority
The Board therefore proposes to seek the renewal of the authority from the shareholders of LTHB for the Company to purchase and/or hold in aggregate such number of LTHB Shares representing up to ten per centum (10%) of the issued and paid-up share capital of LTHB through Bursa Securities, subject to the prevailing laws, rules, regulations, orders, guidelines and requirements. A circular containing further details on the Proposed Shareholders' Mandate and statement containing further details on the Proposed Renewal of Share Buy-Back Authority will be despatched to the shareholders together with the Annual Report of the Company for the financial year ended 30 June 2012 in due course. This announcement is dated 31 October 2012. | |
Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 31 Oct 2012 |
| Category | General Announcement |
| Reference No | CC-121031-32820 |
