IGB CORPORATION BERHAD PART A STATEMENT in relation to ...

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6. PUBLIC SHAREHOLDING SPREADThe public shareholding spread of the Company as at 18 April 2006 is approximately 57.38% held by21,534 public shareholders holding not less than 100 Shares each.The Company, when implementing the share buy-back will be mindful in ensuring that the publicshareholding spread requirement is met. Further, pursuant to Paragraph 12.14 of the ListingRequirements, IGB will not purchase its own shares, if the same results in IGB being in breach ofParagraph 8.15(1) of the Listing Requirements.7. IMPLICATIONS RELATING TO THE CODEBased on the shareholdings of substantial shareholdings as at 18 April 2006 and assuming the sharebuy-back is carried out in full, the Proposed Renewal of Share Buy-Back Authority is not expected totrigger an obligation to undertake a mandatory offer under the Code as the substantial shareholder(s)and/or person(s) acting in concert with direct or indirect interest in IGB exceeding 33% are notexpected to increase by more than 2% in any six (6) month period.In the event the obligation is triggered due to the implementation of the share buy-back, the affectedsubstantial shareholder(s) and/or person(s) acting in concert may be able to seek a waiver underPractice Note 2.9.10 of the Code.8. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTEDSave for the inadvertent increase in the percentage shareholdings and/or voting rights of theshareholders of the Company as a consequence of the implementation of the share buy-back, none ofthe Directors or Major Shareholders or Persons Connected has any interest, direct or indirect, in theProposed Renewal of Share Buy-Back Authority or resale of Treasury Shares, if any.9. PURCHASE, RESALE OR CANCELLATION OF IGB SHARES MADE DURING THE FINANCIAL YEARENDED 31 DECEMBER 2005During the financial year ended 31 December 2005, a total of 15,299,600 ordinary shares werepurchased and retained as Treasury Shares. None of the Treasury Shares were resold or cancelledduring the financial year. Details of the purchases are disclosed in the Statement on CorporateGovernance in the Annual Report 2005.10. DIRECTORS’ RECOMMENDATIONYour Board having considered all aspects of the Proposed Renewal of Share Buy-Back Authority is ofthe opinion that the said proposal is in the best interest of IGB. As such, your Board recommends thatyou vote in favour of the ordinary resolution in relation to the Proposed Renewal of Share Buy-BackAuthority to be tabled at the 42 nd AGM. An extract of the said ordinary resolution is enclosed in thisStatement/Circular.This Statement is dated 28 April 2006.Page 4
PART BCIRCULAR TO SHAREHOLDERSin relation toPROPOSED SHAREHOLDERS’ MANDATEPage 5
Page 1: THIS STATEMENT/CIRCULAR IS IMPORTAN
Page 5 and 6: PART ASTATEMENTin relation toPROPOS
Page 7: However, the share buy-back if impl
Page 11 and 12: (a)(b)the transactions are in the o
Page 13 and 14: Nature ofTransactionsTransactingPar
Page 15 and 16: Explanatory notes:1The estimated va
Page 17 and 18: (i) the type of Recurrent RPTs tran
Page 19 and 20: 6.0. FURTHER INFORMATIONShareholder
Page 21 and 22: (b)(c)as RM2,630,000.00 has already
Page 23: EXTRACT OF ORDINARY RESOLUTIONSORDI

IGB CORPORATION BERHAD PART A STATEMENT in relation to ...

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