Company Name

FAVELLE FAVCO BERHAD

Stock Name

FAVCO

Date Announced

07 Apr 2023

Category

General Announcement for PLC

Reference Number

GA1-31032023-00041

Type

Announcement

Subject

OTHERS

Description

Favelle Favco Berhad ("FFB" or "the Company")
(i) Proposed Renewal of Authority for Share Buy-Back
(ii) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

The Board of Directors of FFB wishes to announce that the Company intends to seek shareholders’ approval for the following at the forthcoming Thirty-First Annual General Meeting of the Company: -

(i) Proposed Renewal of Authority for Share Buy-Back; and
(ii) Proposed Renewal of the Existing Shareholders’ Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
(Collectively referred to as “Proposals”)

The Statement/Circular to Shareholders which sets out details of the abovementioned Proposals will be issued in due course.

This announcement is dated 7 April 2023.