PRESTAR

0.475

-0.02 (-4%)

MULTIPLE PROPOSALS PRESTAR RESOURCES BERHAD ("PRESTAR" OR "THE COMPANY") - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPTs")

PRESTAR RESOURCES BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
PRESTAR RESOURCES BERHAD ("PRESTAR" OR "THE COMPANY")
- PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPTs")

We wish to announce that the Company proposes to seek shareholders' approval for the following proposals at the forthcoming Annual General Meeting ("AGM"):-


(a) Proposed Renewal of Share Buy-Back Authority; and


(b) Proposed Renewal of Shareholders' Mandate for RRPTs.

 

(collectively referred to as "Proposals")


Shareholders' Mandates for the Proposals were previously granted by the shareholders at the Thirty-Fifth AGM held on 27 July 2020. In accordance with Bursa Malaysia Securities Berhad Main Market Listing Requirements, the aforesaid Shareholders' Mandates shall expire at the conclusion of the forthcoming AGM, unless renewal is obtained.

 

A Statement and Circular to Shareholders containing information on the Proposals will be made available on the Company's corporate website in due course.

 

This announcement is dated 24 February 2021.



Announcement Info

Company Name PRESTAR RESOURCES BERHAD
Stock Name PRESTAR
Date Announced 24 Feb 2021
Category General Announcement for PLC
Reference Number GA1-23022021-00087


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