News

(1) Recommendation Of First And Final Dividend(2) Proposed Renewal Of And New shareholders' Mandates For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT") ("Proposed Shareholders' Mandates")

BackDec 22, 2008

Type	Announcement
Subject	(1) RECOMMENDATION OF FIRST AND FINAL DIVIDEND (2) PROPOSED RENEWAL OF AND NEW SHAREHOLDERS' MANDATES FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") ("Proposed Shareholders' Mandates")
Contents	The Board of Directors of Rimbunan Sawit Berhad ("RSB") wishes to announce that the Board of Directors has recommended/proposed :- (i) a first and final dividend of 5.0 sen per share, less 25% corporate tax, in respect of the financial year ended 31 August 2008, to be payable on 19 March 2009 to depositors whose names appear in the Record of Depositors on 20 February 2009. The notice of dividend entitlement and payment shall be advertised at a later date. (ii) to seek shareholders' mandates from the shareholders for both the existing and new RRPTs by way of an ordinary resolution at the forthcoming annual general meeting of RSB ("AGM") to be convened at a later date. A Circular to Shareholders is currently being prepared for seeking shareholders' approval on the Proposed Shareholders' Mandates. The existing shareholders’ mandate was obtained at the AGM of RSB held on 25 January 2008. In accordance with the Bursa Malaysia Securities Listing Requirements ("Listing Requirements"), the existing shareholders' mandates shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained.