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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
6. PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN
SHARES (“PROPOSED RENEWAL OF SHARE BUY-BACK MANDATE”)
(Ordinary
Resolution 6)
“
THAT
subject to the provisions under the Act, the Memorandum and Articles of Association of the
Company, the Listing Requirements and any other applicable laws, rules, regulations and guidelines
for the time being in force, the Company be and is hereby authorised to purchase such number of
ordinary shares of RM0.10 each in the Company (“Shares”) as may be determined by the Directors
from time to time through Bursa Securities upon such terms and conditions as the Directors may
deem fit and expedient in the interest of the Company provided that the aggregate number of shares
purchased pursuant to this resolution shall not exceed 10% of the total issued and paid-up share
capital of the Company.
THAT
the maximum amount of funds to be allocated for the purpose of purchasing the Shares shall
not exceed the aggregate of the retained profits and share premium account of the Company.
THAT
authority be and is hereby given to the Directors to decide at their discretion, as may be
permitted and prescribed by the Act and/or any prevailing laws, rules, regulations, orders, guidelines
and requirements issued by the relevant authorities for the time being in force to deal with any of the
Shares so purchased by the Company in the following manner:
(i) the Shares so purchased could be cancelled; or
(ii) the Shares so purchased could be retained as treasury shares for distribution as dividends to
the shareholders of the Company and/or be resold through Bursa Securities in accordance with
the relevant rules of Bursa Securities and/or to be cancelled subsequently; or
(iii) combination of (i) and (ii) above.
THAT
the authority conferred by this resolution will be effective immediately from the passing of this
ordinary resolution and shall continue to be in force until:
(i) the conclusion of the next AGM of the Company, at which time the said authority would lapse
unless by an ordinary resolution passed at that meeting, the authority is renewed, either
unconditionally or subject to conditions; or
(ii) the expiration of the period within which the next AGM is required by law to be held; or
(iii) the authority is revoked or varied by an ordinary resolution of the shareholders of the Company
in a general meeting,
whichever occurs first.
AND THAT
the Directors be and are hereby authorised to take such steps as are necessary or
expedient to implement or to effect the purchase(s) of the Shares with full power to assent to
any conditions, modifications, variations and/or amendments as may be imposed by the relevant
authorities and to take such steps as they may deem necessary or expedient in order to implement,
finalise and give full effect in relation thereto.”
7. RETENTION OF INDEPENDENT DIRECTOR
To consider and if thought fit, to pass the following resolution as Ordinary Resolution:
“
THAT
approval be and is hereby given to Dato’ Haji Johar Bin Murat @ Murad, who has served as
an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9)
years, to continue to act as an Independent Non-Executive Director of the Company.”
(Ordinary
Resolution 7)
8.
To transact any other business of which due notice shall be given.
BY ORDER OF THE BOARD
Mah Li Chen (MAICSA 7022751)
Chew Mei Ling (MAICSA 7019175)
Yeap Yee Ling (MAICSA 7067021)
Company Secretaries
Kuala Lumpur
26 April 2016
NOTICE OF ANNUAL GENERAL MEETING
(cont’d)