APM AUTOMOTIVE HOLDINGS BERHAD
122
7.
PROPOSED renewal of authority FOR the company to PURCHASE ITS OWN
ordinary SHARES
“THAT, subject to the Companies Act, 1965 (“Act”), the Memorandum and Articles of
Association of the Company, the Main Market Listing Requirements of Bursa Malaysia
Securities Berhad (“Bursa Securities”) and the approvals of all relevant governmental and/
or regulatory authorities (if any), the Company be and is hereby authorised to purchase such
amount of ordinary shares of RM1.00 each in the Company (“Proposed Share Buy-Back”) as
may be determined by the Directors of the Company from time to time through Bursa Securities
upon such terms and conditions as the Directors may deem fit and expedient in the interest of
the Company, provided that the aggregate number of shares purchased and/or held pursuant
to this resolution does not exceed ten per centum (10%) of the issued and paid-up share
capital of the Company at any point in time of the purchase.
THAT an amount not exceeding the Company’s share premium and retained profits be
allocated by the Company for the Proposed Share Buy-Back.
THAT authority be and is hereby given to the Directors of the Company to decide at their
discretion to retain the shares so purchased as treasury shares (as defined in Section 67A of
the Act) and/or to cancel the shares so purchased and/or to resell them and/or to deal with the
shares so purchased in such other manner as may be permitted and prescribed by the Act,
rules, regulations, guidelines, requirements and/or orders pursuant to the Act and/or the rules,
regulations, guidelines, requirements and/or orders of Bursa Securities and any other relevant
authorities for the time being in force.
THAT the authority conferred by this resolution will be effective immediately upon the passing
of this ordinary resolution and will expire:
(I)
at the conclusion of the next Annual General Meeting (“AGM”) of the Company at which
time the said authority will lapse unless by an ordinary resolution passed at a general
meeting of the Company, the authority is renewed, either unconditionally or subject to
conditions;
(II)
at the expiration of the period within which the next AGM of the Company is required by
law to be held; or
(III) revoked or varied by an ordinary resolution passed by the shareholders in a general
meeting;
whichever occurs first but not so as to prejudice the completion of the purchase(s) by the
Company before the aforesaid expiry date and in any event, in accordance with the provisions
of the guidelines issued by Bursa Securities and/or any other relevant governmental and/or
regulatory authorities (if any).
THAT the Directors of the Company be authorised to complete and do all such acts and things
(including executing all such documents as may be required) as they may consider expedient or
necessary to give effect to the Proposed Share Buy-Back as may be agreed or allowed by any
relevant governmental and/or regulatory authority.”
(Resolution 9)
NOTICE OF
ANNUAL GENERAL MEETING
