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DiGi.COM BERHAD ("DiGi" or the "Company") PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND NEW MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS IN THE ORDINARY COURSE OF BUSINESS

DIGI.COM BERHAD

Type

Announcement
SubjectDiGi.COM BERHAD ("DiGi" or the "Company")
PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND NEW MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS IN THE ORDINARY COURSE OF BUSINESS

Contents :

The Board of Directors of the Company wishes to announce that pursuant to Paragraph 10.09 of the Bursa Malaysia Securities Berhad Listing Requirements ("the Listing Requirements"), the Company intends to seek the approval of its shareholders for a Proposed Renewal Of Existing Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature And New Mandate For Additional Recurrent Related Party Transactions In The Ordinary Course Of Business ("Proposed Mandate") at the forthcoming 8th Annual General Meeting ("AGM") of the Company.


At the 7th AGM held on 28 April 2004, the shareholders of the Company had granted a mandate for the Company and its subsidiaries to enter into recurrent related party transactions. In accordance with paragraph 4.1.4 of Practice Note 12/2001 of the Listing Requirements, this shareholders’ mandate unless revoked or varied by the Company in a general meeting is expiring at the conclusion of the forthcoming AGM. The Company is proposing to seek renewal of the existing mandate and new mandate for additional Recurrent Related Party Transactions of a revenue or trading nature at the forthcoming AGM.

A circular setting out the details of the Proposed Mandate will be despatched to the shareholders of the Company in due course.



Announcement Info

Company NameDIGI.COM BERHAD  
Stock Name DIGI    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoCC-050331-58590

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