Kencana 2011 vis - SapuraKencana Petroleum

Notice of Annual General Meeting (continued)
NOTES:
(a) The Audited Financial Statements in Agenda 1 is meant for discussion only as the approval of shareholders is not
required pursuant to the provision of Section 169(1) of the Companies Act, 1965. Hence, this Agenda is not put
forward for voting by shareholders of the Company.
(b) A member of the Company entitled to attend and vote at the Meeting is entitled to appoint any person to be his proxy
to attend and vote in his stead. A proxy may but need not be a member of the Company and the provisions of Section
149(1)(b) of the Companies Act, 1965 shall not apply to the Company.
(c) A member shall not be entitled to appoint more than two (2) proxies to attend and vote at the same meeting. Where a
member appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportions of his holdings
to be represented by each proxy. Where a member of the Company is an authorised nominee as defined under the
Securities Industry (Central Depositories) Act, 1991, it may appoint at least one (1) proxy in respect of each securities
account it holds with ordinary shares of the Company standing to the credit of the said securities account.
(d) The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised
in writing or, if the appointor is a corporation, either under its common seal or the hand of its officer or attorney duly
authorised.
(e) The instrument of proxy must be deposited at the Registered Office of the Company at Lot 6.08, 6th Floor, Plaza First
Nationwide, No. 161, Jalan Tun. H.S. Lee, 50000 Kuala Lumpur, not less than forty-eight (48) hours before the time
fixed for holding the Meeting or at any adjournment thereof.
EXPLANATORY NOTES
1. Resolution 6 - Authority to Issue and Allot Shares Pursuant to Section 132D of the Companies Act, 1965
The Proposed Resolution 6, if approved, will give the Directors of the Company, from the date of the above
Annual General Meeting (“AGM”), authority to issue and allot shares from the unissued capital of the Company
for such purposes as the Directors may deem fit and in the interest of the Company. The authority, unless
revoked or varied by the Company in general meeting, will expire at the conclusion of the next AGM of the Company.
The Company is seeking the approval from shareholders on the renewal of the above mandate for the purpose
of possible fund raising exercise including but not limited to further placement of shares for purpose of funding
future investment project(s), working capital and/or acquisitions. Pursuant to the mandate granted at the last
AGM held on 14 December 2010, the Company had on 2 February 2011 issued 166,698,000 ordinary shares of
RM0.10 each at an issue price of RM2.38 per share. Please refer to page 67 of the Annual Report for details and
status of the utilisation of proceeds raised from the issuance of shares.
12 Kencana Petroleum