OTHERS CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY") - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF RRPT MANDATE") - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES ("PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK") - PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY")
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF RRPT MANDATE")
- PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES ("PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK")
- PROPOSED CHANGE OF NAME
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
The Board of Century wishes to announce that the Company will be seeking its shareholders' approvals for the above-captioned Proposals at the forthcoming Annual General Meeting of the Company to be convened:- Proposed Renewal of RRPT Mandate The Company proposes that a renewal of RRPT mandate be sought from its shareholders to allow the Company and/or its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature which are necessary for its day-to-day operations. The company had, at its Annual General Meeting held on 21 April 2017, obtained the mandate from its shareholders to enter into recurrent related party transactions of a revenue or trading nature. This mandate will expire at the conclusion of the forthcoming Annual General Meeting. A Circular to the Shareholders containing information on the Proposed Renewal of RRPT Mandate will be despatched to the shareholders in due course. Proposed Renewal of Authority for Share Buy-Back The Company proposes to seek renewal of the authority from its shareholders to purchase its own ordinary shares of up to 10% of the total number of issued shares. The Company had, at its Annual General Meeting held on 21 April 2017, obtained the approval from its shareholders to purchase its own shares of up to 10% of the total number of issued shares. This authority for Share Buy-Back will expire at the conclusion of the forthcoming Annual General Meeting. A Share Buy-Back Statement containing information on the Proposed Renewal of Authority for Share Buy-Back will be despatched to the shareholders in due course. Proposed Change of Name The details of the Proposed Change of Name will be included in the Notice of the forthcoming Annual General Meeting. This announcement is dated 27 February 2018. |
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Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 27 Feb 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26022018-00029 |
