Page 14 - HRC_Annual_Report_2023

12 About HRC Value Creation Management Discussion Leadership
& Analysis

NOTICE OF 65 ANNUAL GENERAL MEETING
TH

SPECIAL BUSINESS
To consider and if thought fit, to pass, with or without modifications, the following resolutions:

6. PROPOSED RENEWAL OF AUTHORITY TO ISSUE AND ALLOT SHARES PURSUANT TO (Ordinary Resolution 6)
SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016
“THAT subject to Sections 75 and 76 of the Companies Act 2016 (“the Act”), Main Market Listing
Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the approval of the
relevant regulatory authorities, where such approval is required, the Directors of the Company be
and are hereby authorised to issue and allot shares in the capital of the Company, grant rights to
subscribe for shares in the Company, convert any securities into shares in the Company, or allot
shares under an agreement or option or offer (“New Shares”) from time to time, at such price,
to such persons and for such purposes and upon such terms and conditions as the Directors may
in their absolute discretion deem fit, provided that the aggregate number of such New Shares to
be issued and allotted, to be subscribed under any rights granted, to be issued from conversion
of any security, or to be issued and allotted under an agreement or option or offer, pursuant
to this resolution, when aggregated with the total number of any such shares issued during
the preceding 12 months does not exceed 10 per cent of the total number of issued shares
(excluding treasury shares) of the Company for the time being (“Proposed 10 per cent General
Mandate”) AND THAT such authority shall continue to be in force until the conclusion of the next
Annual General Meeting (“AGM”) of the Company or at the expiry of the period within which the
next AGM is required to be held after the approval was given, whichever is the earlier, unless such
approval is revoked or varied by the Company at a general meeting.”
[Please refer to Note (e)]

7. PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK (Ordinary Resolution 7)
“THAT subject always to the Act, the Constitution of the Company, the Main Market Listing
Requirements of Bursa Securities (“Listing Requirements”) and all other applicable laws, guidelines,
rules and regulations, the Company be and is hereby authorised, to the fullest extent permitted
by law, to purchase such number of issued shares in the Company as may be determined
by the Directors of the Company from time to time through Bursa Securities upon such terms
and conditions as the Directors may deem fit and expedient in the interest of the Company
provided that:
i. the aggregate number of issued shares in the Company (“Shares”) purchased (“Purchased
Shares”) and/or held as treasury shares pursuant to this Ordinary Resolution does not exceed
ten per centum (“10 per cent”) of the total number of issued shares of the Company as quoted
on Bursa Securities as at point of purchase; and
ii. the maximum fund to be allocated by the Company for the purpose of purchasing the shares
shall not exceed the aggregate of the retained profits of the Company based on the latest
audited financial statements and/or the latest management accounts (where applicable)
available at the time of the purchase,
(“Proposed Share Buy-Back”).