Hatching For The Future - teo seng capital berhad

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Teo Seng Capital Berhad Notice Of Sixth Annual General Meeting NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at Jasmine A & B Conference Room, Fourth Floor, Riverview Hotel, 29 Jalan Bentayan, 84000 Muar, Johor on Thursday, 20 September 2012 at 12.00 noon to transact the following businesses: AGENDA AS ORDINARY BUSINESS 1. To receive the Audited Financial Statements of the Company and of the Group and the Reports of the Directors and the Auditors thereon for the financial year ended 31 March 2012; (Please refer Explanatory Note 1) 2. To approve the payment of final dividend of 8.75%, in respect of the financial year ended 31 March 2012 under the single-tier systems; [Resolution 1] 3. To approve Directors' fees for the financial year ended 31 March 2012; [Resolution 2] 4. To re-elect the following Directors who retire pursuant to Article 103 of the Company’s Articles of Association:- 4.1 Mr Lau Jui Peng 4.2 Mr Nam Yok San 4.3 Mr Na Yok Chee [Resolution 3] [Resolution 4] [Resolution 5] 5. To re-appoint Messrs. Crowe Horwath as auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. [Resolution 6] AS SPECIAL BUSINESS To consider and if thought fit, to pass the following resolutions as Ordinary Resolutions:- 6. PROPOSED ISSUANCE OF NEW ORDINARY SHARES OF RM0.20 EACH PURSUANT TO SECTION 132D OF THE COMPANIES ACT, 1965 [Resolution 7] (Please refer Explanatory Note 2) Annual Report 2012 "THAT subject always to the Companies Act, 1965, the Articles of Association of the Company and the approvals of the relevant regulatory authorities, the Directors be and are hereby empowered pursuant to Section 132D of the Companies Act, 1965, to issue new ordinary shares of RM0.20 each in the Company from time to time and upon such terms and conditions to such persons and for such purposes as the Directors may deem fit PROVIDED THAT the aggregate number of new ordinary shares to be issued pursuant to this resolution does not exceed ten per centum (10%) of the total issued share <strong>capital</strong> of the Company and that such authority shall unless revoked or varied by an ordinary resolution by the shareholders of the Company in general meeting commence upon the passing of this resolution until the conclusion of the next annual general meeting of the Company AND THAT the Directors are further authorised to do all such things and upon such terms and conditions as the Directors may deem fit and expedient in the best interest of the Company to give effect to the issuance of new ordinary shares under this resolution including making such applications to Bursa Malaysia Securities Berhad for the listing of and quotation for the new ordinary shares to be issued pursuant to this resolution." 98
Teo Seng Capital Berhad Notice Of Sixth Annual General Meeting 7. PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE [Resolution 8] (Please refer Explanatory Note 3) "THAT, subject to the provisions of the Listing Requirements of Bursa Malaysia Securities Berhad, the Company and/or its subsidiary companies (“the Group”) be and are hereby authorised to enter into and give effect to the recurrent related party transactions of a revenue or trading nature with the related party as set out in Part B Section 2 of the Circular to Shareholders dated 29 August 2012 (“the Related Party”) provided that such transactions and/or arrangements are:- (a) (b) (c) necessary for the day-to-day operations; undertaken in the ordinary course of business and at arm’s length basis and on normal commercial terms which are not more favourable to the Related Party than those generally available to the public; and are not prejudicial to the minority shareholders of the Company (“the Shareholders’ Mandate”) AND THAT such approval, shall continue to be in force until:- (a) (b) (c) the conclusion of the next Annual General Meeting ("AGM") of the Company following this AGM at which the Shareholders’ Mandate is passed, at which time it will lapse, unless by a resolution passed at such AGM whereby the authority is renewed; or the expiration of the period within the next AGM of the Company after that date is required to be held pursuant to Section 143(1) of the Companies Act, 1965 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or revoked or varied by a resolution passed by the shareholders of the Company in a general meeting; whichever is earlier; AND THAT the Directors of the Company be and are hereby 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 Shareholders’ Mandate.” 8. PROPOSED RENEWAL OF AUTHORISATION TO ENABLE TEO SENG CAPITAL BERHAD TO PURCHASE UP TO 10% OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY [Resolution 9] (Please refer Explanatory Note 4) “THAT, subject always to the compliance with all applicable laws, guidelines, rules and regulations and the approval of all relevant authorities, the Company be and is hereby authorised to purchase such amount of ordinary shares of RM0.20 each in the Company as may be determined by the Directors of the Company from time to time through Bursa Malaysia Securities Berhad upon such terms and conditions as the Directors may deem fit and expedient in the interest of the Company provided that:- (i) (ii) (iii) the aggregate number of shares purchased does not exceed ten per centum (10%) of the total issued and paid-up share <strong>capital</strong> of the Company as quoted on Bursa Malaysia Securities Berhad as at the point of purchase; the maximum fund to be allocated by the Company for the purpose of purchasing the shares shall be backed by an equivalent amount of retained profits and share premium; and the Directors of the Company may decide either to retain the shares purchased as treasury shares or cancel the shares or retain part of the shares so purchased as treasury shares and cancel the remainder or to resell the shares or distribute the shares as dividends. Annual Report 2012 99
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