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Bursa Announcements

Date: 27 February 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD ("THP" or "the Company") - DEVIATION OF ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING IN NATURE ("RRPTs") FROM THE MANDATED ESTIMATED VALUE


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description TH PLANTATIONS BERHAD ("THP" or "the Company") - DEVIATION OF ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING IN NATURE ("RRPTs") FROM THE MANDATED ESTIMATED VALUE

Reference is made to the Circular to Shareholders of THP in relation to the Proposed Renewal of Shareholders' Mandate for Existing RRPTs and Proposed New Shareholders' Mandate for Additional RRPTs ("the Proposed Mandates") dated 25 April 2016 ("the Circular"). The Proposed Mandates had been approved by the shareholders of THP at its Annual General Meeting held on 18 May 2016.

The Company wishes to announce that the Actual Value of RRPTs entered into by its subsidiary, THP Agro Management Sdn. Bhd. ("THPAM") with its related party, TH Estates (Holdings) Sdn. Bhd. ("THEH") has exceeded 10% of the Estimated Value as disclosed in the Circular. The details of the RRPTs are as follows:


 

Related Party The Company and/or Subsidiary Transacting with Related Party

Estimated Value of RRPTs as disclosed in the Circular 

Actual Value of RRPTs as at

23 February 2017

Deviation Reasons for Deviation
Amount %
THEH THPAM RM1,000,000.00 RM4,852,416.00 RM3,852,416.00 385% Increase of plantation development activities such as felling and clearing, manuring and the frequency of planting adviser's visit.

This announcement is dated 27 February 2017





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