Investors – Jaya Tiasa Holdings Berhad

Investor Relations

Proposed Renewal Of Mandate For Share Buy-Backs And Recurrent Related Party Transactions

BackJul 19, 2003

General Announcement
Reference No JT-030719-49575

Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	19/07/2003


Type	:	Announcement
Subject	:	PROPOSED RENEWAL OF MANDATE FOR SHARE BUY-BACKS AND RECURRENT RELATED PARTY TRANSACTIONS

Contents :

The Board of Directors of JAYA TIASA HOLDINGS BERHAD ("JTH " or "the Company") wishes to announce that the Company would be seeking shareholders' approvals at the forthcoming Extraordinary General Meeting ("EGM") for the following proposals :-

(1) Proposed Renewal of Authority for the Company to Purchase Its Own Shares; and
(2) Proposed Renewal of and Additional Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature,

[hereinafter collectively referred to as the "Proposals"]

The existing mandate for share buy-backs and for certain recurrent related parties transactions were previously obtained at an Extraordinary General Meeting of the Company held on 26 September 2002 which will lapse at the conclusion of the forthcoming Forty-Third Annual General Meeting tentatively scheduled to be held not later 30 October 2003.

The Proposals, if approved, will allow the following:-

(a) the Company to continue purchase and or hold up to a maximum of 28,252,000 ordinary shares of RM1.00 representing approximately 10% of the issued and paid up capital of the Company from the Kuala Lumpur Stock Exchange at any time upon such terms and conditions as the Directors in their absolute discretion deem fit.

(b) the Company and its subsidiaries to enter into, in the ordinary course of business, certain recurrent related party transactions provided that such transactions are made at arm's length and on normal commercial terms and are on terms not more favourable to the related party than those generally available to the public and are not to the detriment of the minority shareholders of the Company.

The authority from the shareholders would be effective immediately upon passing of the relevant resolutions in relation to the Proposals at the EGM until the conclusion of the next Annual General Meeting in 2004, unless revoked or varied by resolution passed by shareholders in general meeting.

A Circular setting out details of the Proposals will be despatched to the Shareholders of the Company in due course.

Investor Relations

Proposed Renewal Of Mandate For Share Buy-Backs And Recurrent Related Party Transactions

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