Explanatory Notes on Ordinary Businesses 1. Audited Financial Statements for the financial year ended 31 December 2016 This Agenda item is meant for discussion only as Section 340(1) of the Companies Act, 2016 does not require the Audited Financial Statements to be formally approved by the shareholders. As such, this Agenda item is not put forward for voting. 2. Retirement of Director Dato’ Kalsom Abd. Rahman has informed the Board of her intention to retire as an Independent Non-Executive Director and therefore would not be seeking re-election at the AGM in accordance with Article 97 of the Company’s Articles of Association. She will retain office until the conclusion of this AGM. 3. Payment of Directors’ Fees (inclusive of Benefits-in-kind) Please refer to page 130 of the Statement on Corporate Governance in the Company’s Annual Report 2016 for the detailed amount of Directors’ Fees and Benefits-in-kind. Explanatory Notes on Special Business 1. Proposed Share Buy-Back Renewal Ordinary Resolution 5, as proposed under item 6, if passed, will renew the authority granted by the shareholders at the last Annual General Meeting. The renewed authority will allow the Company to purchase its own shares of up to 10% of its prevailing ordinary issued and paid-up share capital at any time. The renewed authority, unless revoked or varied by ordinary resolution passed by the shareholders of the Company in a general meeting, will expire at the conclusion of the 49th AGM of the Company or the expiration of the period within which the 49th AGM is required by law to be held, whichever occurs first. Further information on the Proposed Share Buy-Back Renewal is set out in the statement dated 29 March 2017 which is despatched together with the Company’s 2016 Annual Report. MISC BERHAD • Annual Report 2016 358 notice of annual general meeting
RkJQdWJsaXNoZXIy NDgzMzc=