NCT

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MULTIPLE PROPOSALS NCT ALLIANCE BERHAD ("NCT" AND "THE COMPANY") (I) 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 (II) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE.

NCT ALLIANCE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
NCT ALLIANCE BERHAD ("NCT" AND "THE COMPANY")
(I) 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
(II) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE.
The Board of Directors of NCT wishes to inform that NCT intends to seek its shareholders' approval in respect of the following proposals at the forthcoming Twenty-First Annual General Meeting of the Company:-

(a) Proposed Renewal of the Authority for the Company to Purchase its own Shares of up to 10% of its Total Number of Issued Shares ("Proposed Renewal of Share Buy-Back Authority"); and

(b) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature ("Proposed Shareholders' Mandate").

A Statement/Circular to Shareholders containing the details of the Proposed Renewal of Share Buy-Back Authority and Proposed Shareholders' Mandate together with the Annual Report 2023 will be announced and published on the Company's website in due course.

This announcement is dated 19 April 2024.





Announcement Info

Company Name NCT ALLIANCE BERHAD
Stock Name NCT
Date Announced 19 Apr 2024
Category General Announcement for PLC
Reference Number GA1-19042024-00059