Announcement Details/Table Section :
The Company had at its Annual General Meeting held on 27 June 2011 obtained the authority from its shareholders for the Company to enable the Company and its subsidiaries (“Group”) to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the Group’s day-to-day operations and for the Company to purchase its own shares of up to ten per cent (10%) of its issued and paid-up capital (“Shareholders’ Mandates”).
The Shareholders' Mandates will expire at the conclusion of the forthcoming Annual General Meeting (“AGM”) of the Company. The Company intends to seek its shareholders' approval for the renewal of the Shareholders’ Mandates (“Proposed Shareholders’ Mandates”) at the Company's forthcoming AGM to be held.
In addition, pursuant to certain amendments to its Listing Requirements by Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company also proposes to amend its articles of association to conform to the requirements of Bursa Securities (“Proposed Amendments”).
A Circular to Shareholders on the Proposed Shareholders’ Mandates and Proposed
Amendments will be despatched to the shareholders of Euro in due course. This announcement is dated 25 April 2012.