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Proposed Renewal Of Authority For The Company To Purchase Its Own Shares And Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature

BackJul 15, 2002

General Announcement
Reference No JT-020715-41CA7

Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	15/07/2002


Type	:	Announcement
Subject	:	PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES AND PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

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 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 27 September 2001 which will lapse at the conclusion of the forthcoming Forty-Second Annual General Meeting ("AGM").

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

(a) the Company to 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, such 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 AGM in 2003, 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 Authority For The Company To Purchase Its Own Shares And Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature

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