OTHERS JCY International Berhad ("JCY" or "the Company") - Proposed Renewal of Authority for the Company to Purchase Its Own Shares ("Proposed Renewal of Share Buy-Back Authority")
| JCY INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | JCY International Berhad ("JCY" or "the Company") - Proposed Renewal of Authority for the Company to Purchase Its Own Shares ("Proposed Renewal of Share Buy-Back Authority") |
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The Board of Directors of JCY wishes to announce that the Company is proposing to seek for the approval of its shareholders on the Proposed Renewal of Share Buy-Back Authority at the forthcoming Fifteenth Annual General Meeting ("AGM") of the Company to be convened at a date to be notified later.
The Proposed Renewal of Share Buy-Back Authority is to renew the authority granted by the shareholders of the Company at the Fourteenth AGM held on 25 February 2020. The Proposed Renewal of Share Buy-Back Authority will allow the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company in accordance with Section 127 of the Companies Act 2016.
A Statement containing details in relation to the Proposed Renewal of Share Buy-Back Authority will be distributed to the shareholders of the Company in due course.
This announcement is dated 14 January 2021. |
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Announcement Info
| Company Name | JCY INTERNATIONAL BERHAD |
| Stock Name | JCY |
| Date Announced | 14 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13012021-00021 |