ANNUAL GENERAL MEETING
Transcript: 8. Renewal of Shareholders’ Mandate for Existing Recurrent Related Party Transaction of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) “THAT the mandate granted by the shareholders of the Company on 19 December 2014 pursuant to Paragraph 10.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), authorizing the Company and its subsidiaries (“the High Street Group”) to enter into the recurrent transactions of a revenue or trading nature as set out in Section 2.3 (b) of the Circular to Shareholders dated 28 October 2015 (“the Circular”), which are for the necessary for the High Street Group’s day-to-day operations, be renewed, provided that such transactions are in the ordinary course of business and are 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. THAT the authority conferred by such renewed mandate shall continue to be in force the effect until – a) the conclusion of the next Annual General Meeting (“AGM”) of the Company, at which time it will lapse, unless the authority is renewed by a resolution passed at such general meeting; b) the expiration of the period within which the next AGM is required to be held, pursuant to Section 143(1) of the Companies Act, 1965, (but shall not to any extension as may be allowed pursuant to Section 143(2) of the Companies Act, 1965); or c) revoked or varied by a resolution passed by the shareholders of the Company in a general meeting, Whichever is the earliest. THAT the Directors of the Company be authorized to complete and do such acts and things as they may think expedient or necessary (including executing such documents as may be required) to give effect to the Proposed Shareholders’ Mandate”. (Ordinary Resolution 9) 4. To re-appoint Messrs Ernst & Young as the Company’s Auditors for the ensuing year and to authorise the Board of Directors to fix their remuneration. (Ordinary Resolution 5) 1. To receive and adopt the Directors’ Report, Audited Financial Statements and the Auditors’ Report for the financial year ended 30 June 2015 (Ordinary Resolution 1) 7. Proposed Renewal of General Mandate for Substantial Property Transactions Involving Directors pursuant to Section 132E of the Companies Act, 1965 “THAT pursuant to Section 132E of the Companies Act, 1965, authority be and is hereby given to the Company or its related corporations to enter into arrangements or transactions with the Directors of the Company or any person connected with such Directors (within the meaning of Section 122A, Companies Act, 1965) whereby the Company or its related corporations may acquire from or dispose to such Directors or connected persons non-cash assets including but not limited to services, land, development properties, capital equipment and machineries and/or any other assets or products of the Company or its related corporations provided that such acquisitions or disposals are on commercial terms and in the ordinary course of business, such authority will continue to be in force until conclusion of the next Annual General Meeting.” (Ordinary Resolution 8) 22ND ANNUAL GENERAL MEETING HIGH STREET DEVELOPMENT BERHAD (5383-K) THE END THANK YOU AGENDA AGENDA 3. To re-elect the following Directors who retire by rotation in accordance with Article 112 of the Articles of Association of the Company and being eligible, offer themselves for re-election: b) YBhg Puan Sri Azinurazreen Binti Azwan Affendi Nual (Ordinary Resolution 4) 9. To transact any other business of which due notice shall have been given in accordance with the Companies Act, 1965 and the Articles of Association of the Company. 6. Authority to issue shares pursuant to Section 132D of the Companies Act, 1965 “THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approvals of the relevant governmental and/or regulatory authorities, the Directors be and are hereby authorised to issue shares in the Company at any time until the conclusion of the next AGM and upon such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fit, provided that the aggregate number of shares to be issued does not exceed 10% of the issued share capital of the Company for the time being, AND THAT the Directors be and are also empowered to obtain the approval for the listing and quotation of the additional shares so issued on the Bursa Malaysia Securities Berhad.” (Ordinary Resolution 7) SPECIAL BUSINESS 5. Appointment of Director pursuant to Section 129(6) of the Companies Act,1965 “THAT YBhg. Dr. Haji Muhammad Bakhtiar Ariff Bin Haris Fadilah who is of the age of seventy years and retiring in accordance with Section 129(6) of the Companies Act, 1965 be and is hereby reappointed as a Director of the Company and to hold office until the conclusion of the next Annual General Meeting
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