Date : 22 April 2019

OTHERS MULPHA INTERNATIONAL BHD ("the Company") (1) Proposed Renewal of Share Buy-Back Authority; and (2) Proposed Adoption of New Constitution of the Company

MULPHA INTERNATIONAL BERHAD

Type Announcement
Subject OTHERS
Description
MULPHA INTERNATIONAL BHD ("the Company")

(1)  Proposed Renewal of Share Buy-Back Authority; and
(2)  Proposed Adoption of New Constitution of the Company

The Board of Directors of the Company wishes to announce that the Company intends to seek its shareholders’ approval for the following proposals at the forthcoming 45th Annual General Meeting (“AGM”) of the Company:-

 

1.  Proposed renewal of authority for the Company to purchase its own shares (“Proposed Renewal of Share Buy-back Authority”)

 

The Proposed Renewal of Share Buy-back Authority is to renew the authority granted by the shareholders of the Company at the 44th AGM held on 7 June 2018.  The Proposed Renewal of Share Buy-back Authority will allow the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company in accordance with Section 127 of the Companies Act 2016, Bursa Malaysia Securities Berhad’s Main Market Listing Requirements and any prevailing laws, rules, regulations and guidelines issued by the relevant authorities.

 

2.  Proposed adoption of new Constitution of the Company (“Proposed Adoption of New Constitution”)

 

The Proposed Adoption of New Constitution will streamline the Company’s Constitution with the new provisions of the Companies Act 2016 and the amendments made to the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, as well as to enhance administrative efficiency.

 

 

A Statement/Circular to Shareholders setting out the details of the Proposed Renewal of Share Buy-back Authority and the Proposed Adoption of New Constitution will be despatched to the shareholders of the Company together with the 2018 Annual Report in due course.

 


This announcement is dated 22 April 2019.

 






Announcement Info

Company Name MULPHA INTERNATIONAL BERHAD
Stock Name MULPHA
Date Announced 22 Apr 2019
Category General Announcement for PLC
Reference Number GA1-01042019-00125


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