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MULTIPLE PROPOSALS 1) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY 2) PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

GENETEC TECHNOLOGY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
1)	PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN 
        SHARES UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF
        THE COMPANY

2)	PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR EXISTING RECURRENT 
        RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

The Board of Directors of Genetec wishes to announce that the Company proposes to seek its shareholders’ approval for the following at the forthcoming Twenty-Second Annual General Meeting of the Company to be convened:-

 

1)    Proposed renewal of authority for the Company to purchase its own shares up to ten percent (10%) of the total number of issued shares of the Company (“Proposed

      Renewal of Share Buy-Back Authority”); and

 

2)   Proposed renewal of shareholders’ mandate for existing recurrent related party transactions of a revenue or trading nature (“Proposed Renewal of Shareholders’ Mandate”)

 

collectively known as (“the Proposals”).

 

A statement/circular to shareholders containing details in relation to the Proposals will be distributed to the shareholders in due course.

 

 

This announcement is dated 14 July 2020.


 






Announcement Info

Company Name GENETEC TECHNOLOGY BERHAD
Stock Name GENETEC
Date Announced 14 Jul 2020
Category General Announcement for PLC
Reference Number GA1-14072020-00034




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