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(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")(3) Proposed Amendments To The Company's Articles Of Association ("Proposed Amendments")

BackDec 05, 2007
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")
(3) PROPOSED AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION ("Proposed Amendments")

Contents :

The Board of Directors of Rimbunan Sawit Berhad ("the Company") wishes to announce that the Board of Directors has on 5 December 2007 recommended/proposed :-


(i) a first and final dividend of 5.0 sen per share, less 27% corporate tax, in respect of the financial year ended 31 August 2007, to be payable on 19 March 2008 to depositors whose names appear in the Record of Depositors on 21 February 2008.

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 the Company ("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.
 
In accordance with the Bursa Malaysia Securities Listing Requirements, the existing shareholders' mandates shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained.
 
(iii) to seek shareholders' approval on the Proposed Amendments by way of a special resolution at the forthcoming AGM to be held at a later date.
Details of the Proposed Amendments will be outlined and distributed to shareholders of the Company at a later date.

 

Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 5 Dec 2007  
Category General Announcement
Reference No CC-071113-44165

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