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Proposed Share Buy Back mandate Renewal And proposed Rrpt Mandate Proposed Amendment of Articles Of Association

BackSep 23, 2005
General Announcement
Reference No AA-050923-53992
Company Name : ANCOM BERHAD 
Stock Name : ANCOM
Date Announced : 23/09/2005


Type : Announcement
Subject : Proposed Share Buy Back Mandate Renewal and Proposed RRPT Mandate
Proposed Amendment of Articles of Association

Contents :

Ancom Berhad ("Ancom" or "Company") wishes to announce that the Company proposes to :
 
(a) seek the approval of its shareholders to renew the mandate for the Company to purchase up to ten percent (10%) of its issued and paid-up share capital on Bursa Malaysia Securities Berhad ("Bursa Securities") in accordance with the provisions of Section 67A of the Companies Act, 1965, the Company's Articles of Association and the Listing Requirements of Bursa Securities ("Proposed Share Buy-Back Mandate Renewal") ; and
 
(b) seek the approval of its shareholders to renew the mandate in respect of recurrent related party transactions ("RRPT") with existing transacting related parties and a new mandate in respect of RRPT with new transacting related parties under Paragraph 10.09 of the Listing Requirements of Bursa Securities ("Proposed RRPT Mandate").

A Circular in relation to the above will be sent to the shareholders in due course.


The Company also wishes to announce that it proposes to amend its Articles of Association to enable it to implement electronic transfer of remittance to an account provided by its shareholders as an additional method for payment of dividend ("Proposed Amendment"). The Proposed Amendment is subject to the approval of its shareholders at the Company's forthcoming 36th Annual General Meeting ("AGM"). Details of the Proposed Amendment will be disclosed in the Notice of 36th AGM to be issued in due course.


This announcement is dated 23 September 2005.