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The
Company is pleased to announce the release of the Share Buy-Back Statement
and Circular to Shareholders
(ZIP format,
130 KB,
PDF format,
147 KB)
dated 29 July 2010 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 PLANTATIONS BERHAD (133399-A) will be held at Victorian Ballroom, Level 1, Holiday Villa Hotel & Suites Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan, Malaysia on Friday, 20 August 2010, 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:- |
| |
|
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a) |
the conclusion of the next Annual General Meeting (“AGM”); |
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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, |
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whichever occurs first." |
2.
PROPOSED
RENEWAL OF GENERAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS
"THAT the Directors be and are hereby authorized 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) of the Circular to Shareholders dated 29 July 2010), 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, |
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whichever occurs first." |
Note:
APPOINTMENT OF PROXY
| i) |
a member is entitled to appoint up to two (2) proxies, and they need not be members;
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| ii) |
a member, who is an authorized nominee (as defined under the Securities Industry (Central Depositories) Act 1991), may appoint up to two (2) proxies in respect of each Securities Account held; |
| iii) |
a member who appoints a proxy must duly execute the Form of Proxy, and if two (2) proxies are appointed, the number of shares to be represented by each proxy must be clearly indicated; |
| iv) |
a corporate member who appoints a proxy must execute the Form of Proxy under seal or the hand of its officer or attorney duly authorized; |
| v) |
the duly executed Form of 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; |
| vi) |
only members whose names appear in the Record of Depositors as at 13 August 2010 will be entitled to attend and vote at the meeting; and |
| vii) |
the Circular and Form of Proxy (PDF format, 34 KB) are available for access and download from the website at http://www.ijm.com. |
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