|
The
Company is pleased to announce the release of the Share Buy-Back Statement
and Circular to Shareholders
(ZIP format, 142 KB,
PDF format, 159 KB)
dated 31 July 2009 together with the notice and agenda for the forthcoming
Extraordinary General Meeting as follows:
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of IJM
CORPORATION BERHAD (104131-A) will be held at Victorian Ballroom, Level 1,
Holiday Villa Hotel & Suites Subang, 9 Jalan SS 12/1, 47500 Subang Jaya,
Selangor Darul Ehsan on Tuesday, 25 August 2009, at 4.30 p.m. (or immediately
following the conclusion of the 25th Annual General Meeting
scheduled at 3.30 p.m. on the same day and at the same venue) for the purpose
of considering and, if thought fit, passing the following ordinary
resolutions:-
|
1. |
PROPOSED RENEWAL OF SHARE
BUY-BACK AUTHORITY |
THAT the Directors be and are hereby authorized to purchase the ordinary
shares of the Company on the market of the Bursa Malaysia Securities Berhad
at any time upon such terms and conditions as the Directors in their
absolute discretion deem fit provided that:-
|
i) |
the aggregate number of shares purchased
(which are to be treated as treasury shares) does not exceed ten per
cent (10%) of the issued capital of the Company; and |
|
ii) |
the funds allocated for the purchase of
shares shall not exceed its retained profits and share premium account |
AND THAT the Directors be and are hereby further
authorized to deal with the treasury shares in their absolute discretion
(which may be distributed as dividends, resold and/or cancelled)
|
AND THAT such
authority shall continue to be in force until:- |
|
a) |
the conclusion
of the next Annual General Meeting ("AGM"); |
|
b) |
the expiration
of the period within which the next AGM is required by law to be held;
or |
|
c) |
revoked or
varied in a general meeting, |
|
whichever occurs
first. |
| |
|
|
2. |
PROPOSED
RENEWAL OF GENERAL MANDATE AND NEW GENERAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS |
THAT
the Directors be and are hereby authorised to enter into and to give effect
to specified recurrent transactions of a revenue or trading nature with
specified classes of Related Parties (as set out in Section 2(ii)(a) and Section 2(ii)(c) of the
Circular to Shareholders dated 31 July 2009), which are necessary for the
day to day operations of the Company and its subsidiaries, in the ordinary
course of business on terms not more favourable to the Related Parties than
those generally available to the public
|
AND THAT such authority shall continue to be in force until:- |
|
a) |
the conclusion
of the next Annual General Meeting ("AGM"); |
|
b) |
the expiration
of the period within which the next AGM is required by law to be held;
or |
|
c) |
revoked or
varied in a general meeting, |
|
whichever occurs
first. |
| |
|
|
3. |
PROPOSED
RENEWAL OF GENERAL MANDATE AND NEW GENERAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS |
THAT
the Directors be and are hereby authorised to enter into and to give effect to
specified recurrent transactions of a revenue or trading nature with specified
classes of Related Parties (as set out in
Section 2(ii)(b)
and
Section 2(ii)(d) of the Circular to Shareholders dated 31 July 2009), which
are necessary for the day to day operations of the Company and its
subsidiaries, in the ordinary course of business on terms not more favourable
to the Related Parties than those generally available to the public
|
AND THAT such authority shall continue to be in force until:- |
|
a) |
the conclusion
of the next Annual General Meeting ("AGM"); |
|
b) |
the expiration
of the period within which the next AGM is required by law to be held;
or |
|
c) |
revoked or
varied in a general meeting, |
|
whichever
occurs first. |
Note:
APPOINTMENT OF PROXY
A member entitled to attend
and vote at the meeting is entitled to appoint a proxy to attend and vote in
his stead and such a proxy need not be a member of the Company. In the case
of a corporate member, the instrument appointing a proxy must be either
under its common seal or under the hand of its officer or attorney duly
authorized. The instrument appointing a proxy must be deposited at the
Registered Office not less than forty-eight (48) hours before the time set
for holding the meeting or adjourned meeting. The Statement/Circular and
Form of Proxy
(PDF format, 21 KB) are
available for access and download at IJM website at
http://www.ijm.com. |
