OTHERS

Reference Number GA1-02122019-00090

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 04 Dec 2019
WZ SATU BERHAD

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

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 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 Fifteenth 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 Fourteenth AGM held on 29 January 2019. 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 of the Company in due course.

 

This announcement is dated 4 December 2019