MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR “THE COMPANY”) (I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE; AND (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY
Author: admin | Filed under: Announcement| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | MESB BERHAD (“MESB” OR “THE COMPANY”)
(I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE; AND (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY |
| The Board of Directors of MESB wishes to inform that MESB intends to seek its shareholders’ approval for the following proposals at the forthcoming Twenty-Sixth Annual General Meeting of the Company:-
(i) Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature (“Proposed Renewal of Shareholders’ Mandate”); and (ii) Proposed Amendments to Constitution of the Company (“Proposed Amendments”). The Proposed Amendments are made mainly for the following purposes: (a) To provide clarity on the provisions of the Third Schedule of the Companies Act 2016; (b) to align the Company’s Constitution with the Companies (Amendment) Act 2019 which came into operation on 15 January 2020 in relation to the alteration of share capital, (c) to provide clarity on the objects of the Company; and (d) to enhance administrative efficiency. A Circular to Shareholders containing details of the aforesaid Proposed Renewal of Shareholders’ Mandate and the Annual Report 2021 containing details of the Proposed Amendments will be announced and published on the Company’s website in due course. This announcement is dated 27 October 2021. |
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