Investors – Jaya Tiasa Holdings Berhad

Investor Relations

Thirty-ninth Annual General Meeting Held On 29 September 1999

BackSep 29, 1999

General Announcement
Reference No JT-990929-34515

Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	29/09/1999


Type	:	Announcement
Subject	:	THIRTY-NINTH ANNUAL GENERAL MEETING HELD ON 29 SEPTEMBER 1999

Contents :

The Board of Directors of Jaya Tiasa Holding Berhad ("the Company") is pleased to announce that the shareholders present at the Thirty-Ninth Annual General Meeting of the Company held on Wednesday 29 September 1999 have passed the following Ordinary Resoluitons:-

Ordinary Resolution 1
Authority to allot and issue shares pursuant to S132D of the Companies Act, 1965

"THAT, subject always to the approvals of the relevant authorities, the Directors be and are hereby authorised pursuant to Section 132D of the Companies Act, 1965, to allot and issue shares in the Company at any time and upon such terms and conditions and for such purposes as the Directors may deem fit, provided that the aggregate number of shares to be issued pursuant to this resolution does not exceed ten per centum (10%) of the total issued capital of the Company at the time of issue and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.

Ordinary Resolution 2
Proposed Purchase of Own Shares

"THAT, subject to the Companies Act, 1965, the Company's Articles of Association, the requirements of the Kuala Lumpur Stock Exchange ("KLSE") and the approvals of all relevant governmental and/or regulatory authorities, the Company be and is hereby authorised to purchase such amount of ordinary shares of RM1.00 each in the Company ("Proposed Purchases") as may be determined by the Directors of the Company from time to time through the KLSE upon such terms and conditions as the Directors may deem fit and expedient in the interest of the Company provided that the aggregate number of shares purchased pursuant to this resolution shall not exceed 28,252,000 ordinary shares of RM1.00 each representing ten per centum (10%) of the total issued and paid-up share capital of the Company as at 24 August 1999 and an amount not exceeding the total retained profits and/or share premium reserves of the Company be allocated by the Company for the Proposed Purchases AND THAT at the discretion of the Directors of the Company, the shares of the Company to be purchased are proposed to be cancelled and/or retained as treasury shares and distributed as dividends or resold on the KLSE AND FURTHER THATthe Directors of the Company be and are hereby empowered generally to do all acts and things to give effect to the Proposed Purchases AND FURTHER THATsuch authority shall commence immediately upon passing of this ordinary resolution until

(i) the conclusion of the next Annual General Meeting of the Company at which time the authority shall lapse unless by ordinary resolution passed at a general meeting, the authority is renewed either conditionally or subject to conditions;

(ii) the expiration of the period within which the next Annual General Meeting after that date is required by law to be held; or

(iii) revoked or varied by ordinary resolution of the shareholders of the Company at a general meeting;

whichever is earlier but not so as to prejudice the completion of purchase(s) by the Company before the aforesaid expiry date and, in any event, in accordance with the provisions of the guidelines issued by the KLSE or any other relevant authorities.

Investor Relations

Thirty-ninth Annual General Meeting Held On 29 September 1999

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