Yinson Annual Report 2020

348 Yinson Holdings Berhad SECTION 8 ANNUAL GENERAL MEETING THAT upon completion of the purchase by the Company of its own shares, the Directors of the Company be authorised to deal with the shares purchased in their absolute discretion in the following manner: (i) to cancel all the shares so purchased; and/or (ii) to retain the shares so purchased as treasury shares for distribution as dividends to the shareholders and/or resell the treasury shares on the stock market of Bursa Securities in accordance with the relevant rules of Bursa Securities; and/ or (iii) to retain part of the shares so purchased as treasury shares and cancel the remainder of the shares so purchased; or in any other manner as prescribed by the Act, rules, regulations and orders made pursuant to the Act and the Listing Requirements of Bursa Securities and any other relevant authorities for the time being in force. THAT such authority conferred by this resolution shall commence upon the passing of this Ordinary Resolution and shall continue to be in force until: (a) the conclusion of the next Annual General Meeting (“AGM”) of the Company following this AGM at which such resolution was passed; or at which time it will lapse, unless by an ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions; or (b) the expiration of the period within which the next AGM of the Company after that date is required by law to be held; or (c) revoked or varied by ordinary resolution passed by the shareholders of the Company in a general meeting, whichever occurs first, AND THAT the Directors of the Company be authorised to give effect to the Proposed Renewal of Share Buy-Back Authority with full power to assent to any modifications and/or amendments as may be required by the relevant authorities.” NOTICE OF DIVIDEND ENTITLEMENT AND PAYMENT NOTICE IS ALSO HEREBY GIVEN THAT subject to the approval of shareholders at the 27 th AGM of the Company to be held on Thursday, 16 July 2020, a Final Single Tier Dividend of 2 sen per ordinary share in respect of the financial year ended 31 January 2020 will be paid on 28 August 2020 to the shareholders of the Company whose names appear in the Record of Depositors on 6 August 2020. The entitlement date for the dividend payment is on 6 August 2020. A Depositor shall qualify for entitlement to the dividend only in respect of: (a) Shares transferred into the Depositor’s Securities Account before 4.30 p.m. on 6 August 2020 in respect of ordinary transfer; and (b) Shares bought on Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of Bursa Malaysia Securities Berhad. NOTICE OF ANNUAL GENERAL MEETING (cont’d)