ASTINO

0.590

-0.015 (-2.5%)

OTHERS Proposed Renewal of Authority for the Company to Purchase Its Own Shares

ASTINO BERHAD

Type Announcement
Subject OTHERS
Description
Proposed Renewal of Authority for the Company to Purchase Its Own Shares

The Board of Directors of ASTINO BERHAD ("the Company") wishes to announce that the Company intends to seek the shareholders' approval at the forthcoming 21st Annual General Meeting ("AGM"), to be convened at a later date, for the renewal of authority for the Company to purchase its own shares of up to ten per centum (10%) of the issued and paid-up share capital of the Company (the "Proposal").

 

The authority to the Company to purchase its own shares approved by the shareholders of the Company at its 20th AGM duly held on 22 January 2021 will expire at the conclusion of the 21st AGM, unless authority for its renewal is obtained from the shareholders at the 21st AGM.

 

The Proposal, if approved by the shareholders at the 21st AGM, shall be valid until the conclusion of the next AGM of the Company (unless revoked or varied by a resolution of the shareholders in a general meeting of the Company).

 

Nevertheless, shareholders' approval for the Proposal does not impose an obligation on the Company to purchase its own shares on Bursa Malaysia Securities Berhad, rather the Proposal will allow the Board to exercise the authority granted to purchase the Company's shares as and when deemed fit within the abovementioned time period.

 

A Statement to shareholders containing details in relation to the Proposal will be distributed to shareholders together with the Annual Report of the Company for the financial year ended 31 July 2021.

 

This announcement is dated 30th day of September 2021.

 






Announcement Info

Company Name ASTINO BERHAD
Stock Name ASTINO
Date Announced 30 Sep 2021
Category General Announcement for PLC
Reference Number GA1-21092021-00021