|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:
(a) 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
(b) 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.