154
NOTICE OF
ANNUALGENERALMEETING
(b)
unless varied or revoked by the members of the Company in a general
meeting, the authority conferred on the Directors of the Company pursuant
to the Share Purchase Mandate may be exercised by the Directors of the
Company at any time and from time to time during the period commencing
from the date of the passing of this Ordinary Resolution and expiring on
the earlier of:
(i)
the date on which the next annual general meeting of the
Company (“
AGM
”) is held or required by law to be held; or
(ii)
the date on which the purchases or acquisitions of Shares by the
Company pursuant to the Share Purchase Mandate are carried out
to the full extent mandated,
whichever is the earlier;
(c)
in this Ordinary Resolution:
“
Maximum Limit
” means that number of issued Shares representing three
per cent. (3%) of the total number of issued Shares (excluding treasury
shares) as at the date of the passing of this Ordinary Resolution unless the
Company has effected a reduction of the share capital of the Company in
accordance with the applicable provisions of the Companies Act, at any
time during the Relevant Period, in which event the total number of issued
Shares shall be taken to be the total number of Shares as altered (excluding
any treasury shares that may be held by the Company from time to time);
“
Relevant Period
” means the period commencing from the date on which
the last AGM was held and expiring on the date the next AGM is held or
is required by law to be held, whichever is the earlier, after the date of
this Ordinary Resolution; and
“
Maximum Price
”, in relation to a Share to be purchased or acquired,
means the purchase price (excluding brokerage, stamp duties, commission,
applicable goods and services tax and other related expenses) which shall
not exceed:
(i)
in the case of a Market Purchase, one hundred and five per cent
(105%) of the Average Closing Price; and
(ii)
in the case of an Off-Market Purchase pursuant to an equal access
scheme, one hundred and twenty per cent. (120%) of the Average
Closing Price,
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
