Reference Number : GA1-09122015-00079
MULTIPLE PROPOSALS WZ Satu Berhad (“WZ Satu” or “the Company”) – Proposed Renewal of Authority for the Purchase by WZ Satu Berhad of Its Own Shares (“Proposed Renewal of Share Buy-Back Authority”)
|Company Name||Stock Name||Date Announced|
|WZ SATU BERHAD||WZSATU||10 DIS 2015|
|WZ SATU BERHAD|
WZ Satu Berhad ("WZ Satu" or "the Company") - Proposed Renewal of Authority for the Purchase by WZ Satu Berhad of Its Own Shares ("Proposed Renewal of Share Buy-Back Authority")
WZ Satu wishes to announce that the Company is proposing to seek for the approval of its shareholders on the Proposed Renewal of Share Buy-Back Authority at the forthcoming Eleventh Annual General Meeting (“AGM”) of the Company.
The Proposed Share Buy-back is to renew the authority granted by the shareholders of the Company at the Tenth AGM held on 13 February 2015. The Proposed Renewal of Share Buy-back Authority will allow the Company to purchase its own shares of up to 10% of the issued and paid-up ordinary share capital of the Company in accordance with Section 67A of the Companies Act, 1965. A Statement containing details in relation to the Proposed Renewal of Share Buy-back Authority will be distributed to shareholders in due course.
This announcement is dated 10 December 2015.