ENRA Group Berhad | Annual Report 2022 186 STATEMENT ACCOMPANYING NOTICE OF 30TH ANNUAL GENERAL MEETING (PURSUANT TO PARAGRAPH 8.27 (2) OF BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS) No notice in writing has been received by the Company nominating any candidate for election as Director at the 30th AGM of the Company. The Directors who are due for retirement and seeking for re-election pursuant to the Company’s Constitution are as set out in the Notice of 30th AGM and their profile are set out in the Directors’ Profile in the Annual Report 2022. Authority for Directors to issue and allot shares in the Company pursuant to Sections 75 and 76 of the Companies Act, 2016 This is a mandate to be obtained from the shareholders of the Company to empower the Directors of the Company to issue and allot shares up to an aggregate amount not exceeding 20% of the issued share capital of the Company for the time being until 31 December 2022 (or to be utilised until a date later than 31 December 2022 as empowered by Bursa Malaysia Securities Berhad, if any) and thereafter, the 10% of the total number of issued shares of the Company for the time being as stipulated under Paragraph 6.03(1) of Bursa Malaysia Securities Berhad Main Market Listing Requirements shall apply, for such purposes as the Directors consider would be in the best interest of the Company. This authority unless revoked or varied by the Company at a general meeting will expire at the next AGM. The Board is of the view that this mandate is in the best interest of the Company as it would provide flexibility to the Company for any possible fund-raising exercise, including but not limited to further placing of shares, for purpose of funding future investment projects, working capital and/or acquisitions. This authority is to avoid any delay and cost involved in convening a general meeting to approve such issuance of shares. As at the date of this Notice, no new shares in the Company were issued pursuant to the mandate granted to the Directors at the 29th AGM held on 22 October 2021 and which will lapse at the conclusion of the 30th AGM.
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