OTHERS

Reference Number  :  GA1-05122017-00027

OTHERS WZ Satu Berhad (“WZ Satu” or “the Company”) – Proposed Renewal of Authority for the Company to Purchase Its Own Ordinary Shares (“Proposed Renewal of Share Buy-Back Authority”)

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 07 DIS 2017
WZ SATU BERHAD

 

 

 

 

Type Announcement
Subject OTHERS
Description
WZ Satu Berhad ("WZ Satu" or "the Company") - Proposed Renewal of Authority for the Company to Purchase Its Own Ordinary 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 Thirteenth Annual General Meeting (“AGM”) of the Company to be convened at a date to be notified later.

The Proposed Renewal of Share Buy-back Authority is to renew the authority granted by the shareholders of the Company at the Twelfth AGM held on 24 January 2017. The Proposed Renewal of Share Buy-back Authority will allow the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company in accordance with Section 127 of the Companies Act 2016. A Statement containing details in relation to the Proposed Renewal of Share Buy-back Authority will be distributed to the shareholders in due course.

This announcement is dated 7 December 2017.