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 NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE; (III) PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES; AND (IV) PROPOSED AMENDMENTS TO THE 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 NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE;
(III) PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES; AND
(IV) PROPOSED AMENDMENTS TO THE 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 Seventh 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 Existing Shareholders' Mandate");
(ii) Proposed new shareholders' mandate for recurrent related party transactions of a revenue and/or trading nature ("Proposed New Shareholders' Mandate");
(iii) Proposed renewal of the authority for the Company to purchase its own shares of up to ten percent (10%) of its total number of issued shares ("Proposed Renewal of Share Buy-Back Authority"); and
(iv) Proposed amendments to Constitution of the Company ("Proposed Amendments").
The Proposed Amendments are mainly to enhance administrative efficiency.
A Circular/Statement to shareholders on the Proposed Renewal of Existing Shareholders' Mandate, Proposed New Shareholders' Mandate and Proposed Renewal of Share Buy-Back Authority; and the Annual Report 2021 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 18 April 2022.
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Announcement Info
| Company Name | HLT GLOBAL BERHAD |
| Stock Name | HLT |
| Date Announced | 18 Apr 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15042022-00065 |