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MULTIPLE PROPOSALS HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY") (I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE; (II) PROPOSED SHARE BUY-BACK OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY; AND (III) PROPOSED AMENDMENTS TO CONSTITUTION OF THE COMPANY.

HLT GLOBAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY")
(I)	PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE;
(II)	PROPOSED SHARE BUY-BACK OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY; AND
(III)	PROPOSED AMENDMENTS TO CONSTITUTION OF THE COMPANY.
The Board of Directors of HLT wishes to inform that HLT intends to seek its shareholders’ approval for the following proposals at the forthcoming 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"); 

(ii) Proposed Share Buy-Back of up to ten percent (10%) of the Total Number of Issued Shares of the Company ("Proposed Share Buy-Back Authority"); and

(iii) Proposed Amendments to Constitution of the Company (“Proposed Amendments”).

The Proposed Amendments is primarily to align the Company’s Constitution with the Companies (Amendment) Act 2019 which came into operation on 15 January 2020, to provide clarity on the objects of the Company and to enhance administrative efficiency.

A Circular/ Statement to Shareholders on the Proposed Renewal of Shareholders' Mandate and Proposed Share Buy-Back Authority; and Annual Report 2020 containing the details of the Proposed Amendments will be announced and published on the Company's and Bursa Malaysia Berhad's website in due course.

This announcement is dated 16 April 2021.

 






Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 16 Apr 2021
Category General Announcement for PLC
Reference Number GA1-15042021-00114




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