TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS PROGRESSIVE IMPACT CORPORATION BERHAD (“PICORP” OR “THE COMPANY”) - PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS - PROPOSED SHAREHOLDERS’ MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS (COLLECTIVELY REFERRED TO AS “THE PROPOSALS”)
PROGRESSIVE IMPACT CORPORATION BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
Description | PROGRESSIVE IMPACT CORPORATION BERHAD (“PICORP” OR “THE COMPANY”) - PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS - PROPOSED SHAREHOLDERS’ MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS (COLLECTIVELY REFERRED TO AS “THE PROPOSALS”) |
The Company had at its Annual General Meeting held on 15 June 2012 obtained the authority from its shareholders for PICORP and its subsidiaries (“Group”) to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the Group’s day-to-day operations (“Shareholders’ Mandate”). The Shareholders' Mandate will expire at the conclusion of the forthcoming Annual General Meeting (“ In addition thereto, the Board of Directors wishes to seek shareholders’ mandate for new recurrent related party transactions of a revenue or trading nature which are necessary for the Group’s day-to-day operations and are carried out in the ordinary course of business on normal commercial terms which are not detrimental to the minority shareholders of the Company.
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Announcement Info
Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
Stock Name | PICORP |
Date Announced | 26 Apr 2013 |
Category | General Announcement |
Reference No | CK-130426-36021 |