166
GHL Systems Berhad
(293040-D)
PROPOSED SHARES BUY-BACK PURSUANT TO PARAGRAPH 12.06(2) OF THE MAIN MARKET
LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
1. Disclaimer Statement
Bursa Malaysia Securities Berhad (“Bursa Securities”) takes no responsibility for the contents of this Share Buy-
Back Statement (“Statement”), makes no representation as to its accuracy or completeness and expressly
disclaims any liability whatsoever for any loss however arising from or in reliance upon the whole or any part
of the contents of the document.
2. Introduction
2.1 Renewal of Authority for GHL to Purchase its Own Shares (Proposed Shares Buy-Back)
At the last Annual General Meeting of the Company held on 5 June 2014, the Company had obtained
the shareholders’ approval to purchase its own shares as may be determined by the Board of Directors
of the Company from time to time through Bursa Securities, upon such terms and conditions as the
Board of Directors may deem fit and expedient in the interest of the Company, provided that the
aggregate number of ordinary shares purchased and/or held does not exceed 10% of the total issued
and paid-up share capital of the Company at any point in time and an amount not exceeding the
total retained profits and/or share premium account. Based on the Audited Financial Statements of the
Company for the financial year ended 31 December 2014, the Company’s accumulated losses and
share premium account were RM499,248 and RM70,155,741, respectively.
The authority obtained by the Board of Directors for purchasing the Company’s own shares in
accordance with the Main Market Listing Requirements of Bursa Securities governing shares buy-back
by listed companies, will lapse at the conclusion of the forthcoming 21
st
Annual General Meeting to be
held on 25 June 2015, unless renewed by an ordinary resolution.
On 20 April 2015, the Company announced its intention to seek shareholders’ approval at the
forthcoming 21
st
Annual General Meeting, for the proposed renewal of the authority for the Company
to purchase its own shares.
2.2 Purpose of Statement
The purpose of this Statement is to provide relevant information on the Proposed Shares Buy-Back and
to seek your approval for the ordinary resolution to renew the authority for the Company to purchase
its own shares, to be tabled at the forthcoming 21
st
Annual General Meeting. The notice of Annual
General Meeting together with the Proxy Form is set out in this Annual Report.
3. Details of the Proposed Shares Buy-Back
3.1 Details of the Proposed Share Buy-Back
The Board proposes to seek the approval from the shareholders of GHL for the Company to purchase
up to ten percent (10%) of its prevailing issued and paid-up ordinary share capital at any time though
its appointed stockbroker.
The Proposed Share Buy-Back, once approved by the shareholders of the Company, shall be effective
from the date of the passing of the ordinary resolution pertaining to the Proposed Share Buy-Back at
the forthcoming 21
st
AGM and shall remain in force until:-
STATEMENT TO SHAREHOLDERS
in relation to the Proposed Renewal of Authority for the Company to
Purchase its own Ordinary Shares
