12. Historical Share Prices The monthly highest and lowest prices of the shares of the Company traded on Bursa Securities for the preceding twelve (12) months are as follows:- High Low RM RM 2023 April 0.88 0.80 May 0.85 0.76 June 0.86 0.76 July 0.87 0.78 August 0.83 0.70 September 0.82 0.75 October 0.81 0.75 November 0.78 0.74 December 0.77 0.70 2024 January 0.72 0.61 February 0.68 0.62 March 0.66 0.60 The last transacted price as at 15 April 2024 (being the latest practical date prior to the printing of this Statement) was RM0.615 (Source : Bloomberg) 13. Public Shareholding Spread The Proposed Renewal of Shareholders’ Mandate for Share Buy-Back will be carried out in accordance with the prevailing law at the time of the purchase including compliance with 25% public shareholding spread in the hands of public shareholders as required under Paragraph 12.14 of the Main Market Listing Requirements of Bursa Securities. As at 27 March 2024, the public shareholding spread of the Company was 35.30%. In implementing the Proposed Renewal of Shareholders’ Mandate for Share Buy-Back, the Company will ensure that the minimum public shareholding spread of 25% is complied with. 14. Directors’ Statement and Recommendation After having considered all aspects of the Proposed Renewal of Shareholders’ Mandate for Share Buy-Back, the Board of Directors is of the opinion that the Proposed Renewal of Shareholders’ Mandate for Share BuyBack is in the best interest of the Company. Accordingly, the Board recommends that you vote in favour of the ordinary resolution for the Proposed Renewal of Shareholders’ Mandate for Share Buy-Back to be tabled at the forthcoming 30th AGM. 15. Directors’ Responsibility Statement This Statement has been seen and approved by the Board and they collectively and individually accept full responsibility for the accuracy of the information given herein and confirm that, after making all reasonable enquiries and to the best of their knowledge and belief, there are no other facts, the omission of which would make any statement herein misleading. STATEMENT TO SHAREHOLDERS in relation to the proposed renewal of authority for the Company to purchase of its own shares representing up to 10% of the total number of issued shares of the Company (“Proposed Renewal of Shareholders’ Mandate for Share Buy-Back”) CONT’D 176 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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