OTHERS (1) Recommendation of First and Final Dividend (2) Proposed Renewal of Shareholder Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") ("Proposed Shareholder Mandate") (3) Proposed Adoption of New Constitution of the Company

KKB ENGINEERING BERHAD

Type Announcement
Subject OTHERS
Description
(1) Recommendation of First and Final Dividend
(2) Proposed Renewal of Shareholder Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") ("Proposed Shareholder Mandate")
(3) Proposed Adoption of New Constitution of the Company

The Board of Directors ("Board") of KKB Engineering Berhad ("KKB") wishes to announce that the Board has on 26 February 2019:

(i) recommended a First and Final Single Tier Dividend of 4 sen per ordinary share in respect of the financial year ended 31 December 2018, for approval by shareholders at the forthcoming Forty-Third Annual General Meeting of the Company (“ 43rd AGM”) to be held at a later date. The dates of dividend entitlement and payment will be announced at a later date.

(ii) proposed to seek shareholder mandate for the existing RRPT by way of an ordinary resolution at the 43rd AGM. A Circular to Shareholders seeking for shareholders' approval on the Proposed Shareholder Mandate is currently being prepared. 

The existing shareholder mandate was obtained at the 42nd AGM of KKB held on 16 May 2018. In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the existing shareholder mandate shall lapse at the conclusion of the 43rd AGM, unless renewal is obtained.

(iii) proposed to seek for shareholders' approval on the Proposed Adoption of the New Constitution of the Company. A Circular to Shareholders in relation thereto will be despatched to the shareholders of the Company in due course.

This announcement is dated 26 February 2019.






Announcement Info

Company Name KKB ENGINEERING BERHAD
Stock Name KKB
Date Announced 26 Feb 2019
Category General Announcement for PLC
Reference Number GA1-26022019-00044