OTHERS TROPICANA CORPORATION BERHAD (TROPICANA OR THE COMPANY) I. PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY II. PROPOSED ADOPTION OF NEW CONSTITUTION

TROPICANA CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
TROPICANA CORPORATION BERHAD (TROPICANA OR THE COMPANY)
I.	PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY
II.	PROPOSED ADOPTION OF NEW CONSTITUTION

The Board of Directors of Tropicana wishes to announce that the Company intends to seek its shareholders' approval for the following proposals at the forthcoming Fortieth Annual General Meeting (“40th AGM”) of the Company under special businesses:-

  1. Proposed Renewal of Share Buy-Back Authority by the Company (“Proposed Renewal of Share Buy-Back Authority”)
  2. Proposed Adoption of New Constitution of the Company (“Proposed New Constitution”)

1. PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY

 

The Company proposes to seek approval from its shareholders for the proposed renewal of authority for the Company to purchase its own shares of up to ten per centum (10%) of the issued share capital at the time of purchase (“Share Buy-Back Authority”) at the Company’s forthcoming 40th AGM of the Company.

 

The Company had at the 39th Annual General Meeting held on 30 May 2018 obtained the renewal of authority from the Company’s shareholders to purchase its own shares. The Share Buy-Back Authority will lapse at the forthcoming 40th AGM and hence, shareholders’ approval for the renewal of the Share Buy-Back Authority will be sought at the forthcoming 40th AGM of the Company.

 

2. PROPOSED NEW CONSTITUTION

 

The Company also proposes to seek approval from its shareholders on the Proposed New Constitution at the forthcoming 40th AGM. The Proposed New Constitution is to ensure compliance with the amended Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the Companies Act 2016 as well as to enhance administrative efficiency.

 

A Statement/Circular to Shareholders which sets out the details of the Proposed Renewal of Share Buy-Back Authority and Proposed New Constitution will be despatched together with Tropicana’s 2018 Annual Report to the shareholders of the Company in due course.

 

This announcement is dated 4 April 2019.

 

 

 






Announcement Info

Company Name TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 04 Apr 2019
Category General Announcement for PLC
Reference Number GA1-03042019-00078