ENRA Group Berhad | Annual Report 2022 180 NOTICE OF ANNUAL GENERAL MEETING (ii) not more than 10% of the new ENRA Shares available under the ESS shall be allocated to her, if she, either singly or collectively through persons connected with her, holds 20% or more of the total number of issued ENRA Shares in the capital of the Company (excluding treasury shares); and provided always that it is in accordance with any prevailing guidelines, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, or any other authorities as amended from time to time and subject always to such terms and conditions and/or any adjustments which may be made in accordance with the ByLaws of the ESS.” 8. Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016 “THAT subject always to the Companies Act, 2016, the Constitution of the Company and approval of governmental and/or regulatory authorities (if any), the Directors of the Company be and are hereby empowered pursuant to Sections 75 and 76 of the Companies Act, 2016 to issue and allot shares in the Company at any time 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 twenty per centum (20%) of the total number of issued shares of the Company for the time being to be utilised until 31 December 2022 as empowered by Bursa Malaysia Securities Berhad pursuant to the extension of implementation period of the enhanced general mandate announced by Bursa Malaysia Berhad on 23 December 2021, (or to be utilised until a date later than 31 December 2022 as empowered by Bursa Malaysia Securities Berhad, if any) and thereafter, ten per centum (10%) of the total number of issued shares of the Company for the time being as stipulated under Paragraph 6.03(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad to be utilised before the conclusion of the next Annual General Meeting of the Company; AND THAT the Directors be and are also empowered to obtain the approval from Bursa Malaysia Securities Berhad for the listing and quotation for the additional shares to be issued and that such authority shall continue to be in force until the conclusion of the next Annual General Meeting of the Company” (Ordinary Resolution 7) 9. Proposed Renewal of Share Buy-Back Authority “THAT subject always to the Companies Act, 2016, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Constitution of the Company and all other applicable laws, guidelines, rules and regulations, the Company be and is hereby authorised to purchase such number of ordinary shares in the Company as may be determined by the Directors of the Company from time to time through Bursa Securities upon such terms and conditions as the Directors in their discretion deem fit and expedient in the best interest of the Company, provided that:- (a) the aggregate number of shares purchased does not exceed ten per centum (10%) of the total number of issued shares of the Company as quoted on Bursa Securities as at the point of the purchase(s) and if the Company ceases to hold all or part of such shares purchased as a result of, amongst others, cancellation, re-sale and/or distribution of the shares purchased, the Company may further purchase such additional shares provided that the total number of additional shares purchased together with such shares still held/retained as treasury shares (if any) does not, in aggregate, exceed ten per centum (10%) of the total number of issued shares of the Company at the time of the purchase(s); and (Ordinary Resolution 8)
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