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Date : 19 September 2016

OTHERS NYLEX (MALAYSIA) BERHAD ("Nylex" or "Company") - Proposed New and Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature; and - Proposed Renewal Of Shareholders' Mandate On Share Buy-Back

NYLEX (MALAYSIA) BERHAD

Type Announcement
Subject OTHERS
Description 
NYLEX (MALAYSIA) BERHAD ("Nylex" or "Company")

-	Proposed New and Proposed Renewal Of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature; and
-	Proposed Renewal Of Shareholders' Mandate On Share Buy-Back

Nylex wishes to announce that the Company proposes to seek the approval of its shareholders for the following at the forthcoming 46th Annual General Meeting:

  1. to renew the mandate in respect of recurrent related party transactions with existing transacting related parties and to obtain a new mandate for additional recurrent related party transactions, pursuant to Paragraph 10.09 of the Listing Requirements of Bursa Securities and Practice Note 12 ;  and
  2. to renew the mandate for the Company to purchase up to ten per centum (10%) of its issued and paid-up share capital on Bursa Securities in accordance with the provisions of Section 67A of the Companies Act, 1965, the Company’s Articles of Association and the Listing Requirements of Bursa Securities.

A Circular to Shareholders/Statement in relation to the above will be sent to the shareholders in due course.

This announcement is dated 19 September 2016.



Announcement Info

Company Name NYLEX (MALAYSIA) BERHAD
Stock Name NYLEX
Date Announced 19 Sep 2016
Category General Announcement for PLC
Reference Number GA1-19092016-00033



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