OCB

0.740

-0.02 (-2.6%)

OTHERS PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

OCB BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

At the last Sixty-Second Annual General Meeting ("AGM") of OCB Berhad ("OCB" or "the Company") held on 24 June 2021, OCB had obtained renewal of authority from its shareholders to purchase the Company's own shares of up to 10% of the total number of issued shares in the Company ("Share Buy-Back"). The aforesaid authority will expire at the conclusion of the forthcoming Sixty-Third AGM of the Company to be convened.

Accordingly, the Board of Directors of OCB intends to seek shareholders' approval for the renewal of authority for the Share Buy-Back ("Proposal") at the forthcoming Sixty-Third AGM of the Company.

The Share Buy-Back Statement to shareholders containing information on the Proposal will be issued in due course.


This announcement is dated 4 April 2022.






Announcement Info

Company Name OCB BERHAD
Stock Name OCB
Date Announced 04 Apr 2022
Category General Announcement for PLC
Reference Number GA1-25032022-00085