279 OTHER INFORMAT ION Sect ion 06 Annual Report 2022 6. Ordinary Resolution 8 – Proposed Renewal of the Authority to Allot New Ordinary Shares in the Company (“New Ranhill Shares”), for the purpose of a Dividend Reinvestment Plan (“DRP”) that provides the Shareholders of the Company the option to elect to reinvest their cash dividend (“Proposed Renewal of DRP”) The Ordinary Resolution proposed under Resolution 8 of the Agenda will give authority to the Directors to allot and issue such number of New Ranhill Shares from time to time as may be required to be allotted and issued pursuant to the DRP until the conclusion of the next AGM of the Company. A renewal of this authority will be sought at the next AGM. 7. Ordinary Resolution 9 – Proposed Renewal of Authority for Share Buy-back The Ordinary Resolution proposed under Resolution 9 of the Agenda is to renew the shareholders’ mandate for the share buy-back by the Company. The said proposed renewal of shareholders’ mandate will empower the Directors to buy-back and/or hold up to a maximum of 10% of the Company’s total number of issued shares at any point of time, by utilizing the amount allocated which shall not exceed the total retained earnings of the Company. This authority unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the next AGM, or the expiration of the period within which the next AGM is required by law to be held, whichever is earlier. Detailed information on this proposal is set out in Part A of the Share Buy-Back Statement to Shareholders dated 25 April 2023 which is available on the Company’s website at www.ranhill.com.my 8. Ordinary Resolution 10 – Proposed Renewal of Shareholders’ Mandate For Recurrent Related Party Transactions (“Renewal RRPT”) of A Revenue or Trading Nature The proposed Resolution 10, if passed, will enable Ranhill Group to enter into any of the recurrent related party transactions of a revenue or trading nature which are necessary for the Ranhill Group’s day-to-day operations, subject to the transactions being in the ordinary course of business and on normal commercial terms which are not more favourable to the related parties than those generally available to the public and are not to the detriment of the minority shareholders of the Company. Detailed information on this proposal is set out in Part B of the Circular to Shareholders dated 25 April 2023 which is available on the Company’s website at www.ranhill.com.my 9. Ordinary Resolution 11 – Proposed New Shareholders’ Mandate For Additional Recurrent Related Party Transactions (“Additional RRPT”) of a Revenue or Trading Nature (“Proposed New Shareholders’ Mandate”) The proposed Resolution 11, if passed, will enable Ranhill Group to enter into additional recurrent related party transactions of a revenue or trading nature which are necessary for the Ranhill Group’s day-to-day operations, subject to the transactions being in the ordinary course of business and on normal commercial terms which are not more favourable to the related parties than those generally available to the public and are not to the detriment of the minority shareholders of the Company. Detailed information on this proposal is set out in Part B of the Circular to Shareholders dated 25 April 2023 which is available on the Company’s website at www.ranhill.com.my NOT I CE OF ANNUAL GENERAL MEET ING
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