|Nylex wishes to announce that the Company proposes to seek the approval of its shareholders for the following at the forthcoming 47th 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 Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("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 127 of the Companies Act, 2016, the Company’s Constitution and the MMLR.
A Circular to Shareholders/Statement in relation to the above will be sent to the shareholders in due course.
This announcement is dated 25 August 2017.