193
ANNUAL REPORT 2016
9.
Proposed Renewal of Shareholders’ Mandate to enable Bonia Corporation Berhad to purchase up to 10% of
its issued and paid-up share capital (“Proposed Share Buy-Back”)
“THAT subject to all the applicable laws and regulations, the Directors be and are hereby authorised to
purchase the ordinary shares of the Company of RM0.25 each through the stock exchange of Bursa Malaysia
Securities Berhad at any time upon such terms and conditions as the Directors in their absolute discretion deem
fit provided that the aggregate number of shares purchased (which are to be treated as treasury shares) does not
exceed 10% of the issued and paid-up share capital of the Company; and the funds allocated for the purchase
of shares shall not exceed its retained profits and/or share premium account for the time being.
THAT the Directors be and are hereby further authorised to deal with the treasury shares in their absolute
discretion (which may be distributed as dividends, resold and/or cancelled).
THAT such authority shall continue to be in force until the conclusion of the next annual general meeting
of the Company following the general meeting at which the Proposed Share Buy-Back was passed at which
time it will lapse, unless by an ordinary resolution passed at that meeting, the authority is renewed either
unconditionally or subject to conditions; or the expiration of the period within which the next annual general
meeting after that date is required by law to be held; or the revocation or variation by ordinary resolution
passed by the shareholders of the Company in a general meeting, whichever occurs first.
AND THAT the Directors and/or any of them be and are hereby authorised to do all acts and things (including
executing such documents as may be required) to give effect to the aforesaid share buy-back in the best interest
of the Company.”
Ordinary Resolution 9
10.
Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading
Nature (“Proposed Renewal of RRPT Mandate”)
“THAT subject to all the applicable laws and regulations, approval be and is hereby given for the Company
and/or its subsidiaries to enter into the recurrent related party transactions of a revenue or trading nature with
the related parties as set out in Part B of the Company’s Circular to Shareholders dated 28 October 2016,
provided that such transactions are necessary for the day-to-day operations in the ordinary course of business
of the Company and/or its subsidiaries, made on an arm’s length basis, on normal commercial terms which
are not more favourable to the related parties than those generally available to the public, and are not to the
detriment of the minority shareholders of the Company.
THAT such approval shall continue to be in force until the conclusion of the next annual general meeting of
the Company following the general meeting at which the Proposed Renewal of RRPT Mandate was passed, at
which time it will lapse, unless by a resolution passed at the meeting, the authority is renewed; or the expiration
of the period within which the next annual general meeting after that date is required to be held pursuant to
Section 143(1) of the Companies Act, 1965 (but must not extend to such extension as may be allowed pursuant
to Section 143(2) of the Companies Act, 1965); or the revocation or variation by resolution passed by the
shareholders of the Company in a general meeting, whichever is the earlier.
AND THAT the Directors and/or any of them be and are hereby authorised to complete and do all acts and
things (including executing such documents as may be required) to give effect to the transactions contemplated
and/or authorised by this resolution.”
Ordinary Resolution 10
11. To transact any other ordinary business of which due notice has been given.
Notice of 25th ANNUAL GENERAL MEETING
