A Member may appoint two (2) proxies to attend on the same occasion. A proxy may but need not be a Member and the provisions of Section 149(1)(b) of the Act shall not, apply to the Company. If a Member appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy.
Where a Member of the Company is an authorised nominee as defined under the Securities Industry (Central Depositories) Act 1991, it may appoint at least one (1) proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account.
If the appointor is a corporation, the proxy form must be executed under its Common Seal or under the hand of its attorney.
To be valid, the proxy form duly completed must be deposited at the Company’s Registered Office at Suite 2-1, 2nd Floor, Menara Penang Garden, 42A Jalan Sultan Ahmad Shah, 10050 Penang, not less than forty eight (48) hours before the time appointed for holding the meeting.
Dato’ Noor Ahmad Mokhtar Bin Haniff who retires pursuant to Section 129 of the Companies Act, 1965, has notified the Company that he does not wish to seek for re-appointment and accordingly will retire at the conclusion of the Tenth AGM.
Notice of Tenth Annual General Meeting (cont’d)
Explanatory Notes on Special Business:
The Ordinary Resolution 4, if passed, will give authority to the Board of Directors to issued and allot ordinary shares from the unissued capital of the Company at any time in their absolute discretion and that such authority shall continue in force until the conclusion of the next AGM of the Company or the expiration of the period within which the next AGM is required by law to be held or revoked/varied by resolution passed by the shareholders in general meeting whichever is the earlier.
As at the date of this Notice, no new shares in the Company were issued pursuant to the mandate granted to the Directors at the last AGM held on 28 May 2009 and which will lapse at the conclusion of the Tenth AGM.
The General Mandate will provide flexibility to the Company for any possible fund raising activities, including but not limited to further placing of shares, for purpose of funding future investment project(s), working capital and/or acquisitions.
The Special Resolution 1, if passed, will amend the Articles of Association of the Company to comply with the provisions of the Listing Requirements which come into effect on 3 August 2009 and any subsequent amendments thereof.
Statement Accompanying Notice of Annual General Meeting (Pursuant to Paragraph 8.27(2) of the Bursa Securities Main Market Listing Requirements)
No individual is seeking election as a Director at the forthcoming Tenth AGM of the Company.
Annual Report 2009