Background Image
Table of Contents Table of Contents
Previous Page  225 / 234 Next Page
Information
Show Menu
Previous Page 225 / 234 Next Page
Page Background

Annual Report 2014 | S P SETIA BERHAD GROUP | 223

Vi. Other Information

Appendix 2

Details of the Proposed Amendments to Articles of Association of the Company

Article

No.

Existing Article

Amended Article

Rationale

40.

The registration of transfers may be closed at

such times and for such period as the Directors

may from time to time determine, provided

always that such closure shall not be for more

than thirty (30) days in any one year. The notice

of books closure shall be advertised in a daily

newspaper circulating in Malaysia, stating the

period and purpose of such suspension or

closure. At least three (3) market days prior notice

shall be given to the Depository to enable the

Depository to prepare the appropriate Record of

Depositors. The period between the making of

an announcement to the Stock Exchange of the

books closing date and the books closing date

shall not be less than ten (10) market days or such

other period as may be prescribed or allowed

by the Stock Exchange. The Company may set

a books closing date by specifying a date and

time for the purpose of determining entitlements

to dividends, interest, new securities or other

distributions or rights of its members.

The registration of transfers may be closed

at such times and for such period as the

Directors may from time to time determine,

provided always that such closure shall not

be for more than thirty (30) days in any one

year.

The notice of books closure shall be

advertised in a daily newspaper circulating

in Malaysia, stating the period and

purpose of such suspension or closure.

At least three (3) market days prior notice

shall be given to the Depository to enable

the Depository to prepare the appropriate

Record of Depositors. The period between

the making of an announcement to the Stock

Exchange of the books closing date and the

books closing date shall not be less than

ten (10) market days or such other period as

may be prescribed or allowed by the Stock

Exchange. The Company may set a books

closing date by specifying a date and time for

the purpose of determining entitlements to

dividends, interest, new securities or other

distributions or rights of its members.

To improve operational efficiency

as well as a cost saving measure by

leveraging on information technology

for dissemination of information.

54.

Routine business shall mean and include only

business transacted at an annual general meeting

of the following classes, that is to say:-

(a) Declaring dividends;

(b) Reading, considering and adopting the

balance sheet, the reports of the Directors

and Auditors, and other accounts and

documents required to be annexed to the

balance sheet;

(c) Appointing Auditors and fixing the

remuneration of the Auditors or determining

the manner in which such remuneration is

to be fixed; and

(d) Appointing Directors in the place of those

retiring by rotation or otherwise and fixing

the remuneration of the Directors.

Routine business shall mean and include only

business transacted at an annual general

meeting of the following classes, that is to

say:-

(a) Declaring dividends;

(b) Reading, considering and adopting

the balance sheet, the reports of the

Directors and Auditors, and other

accounts and documents required to

be annexed to the balance sheet;

(c) Appointing Auditors and fixing the

remuneration of the Auditors or

determining the manner in which such

remuneration is to be fixed; and

(d) Appointing Directors in the place of

those retiring by rotation or otherwise

and fixing the

remuneration

fees

of the

Directors.

This is in line with the proposed

amendments to Article 80 of the

Company’s Articles of Association.

notice of annual general meeting

S P SETIA BERHAD (19698-X)