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OTHERS PERDANA PETROLEUM BERHAD ("the Company" or "PPB") PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT")

PERDANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
PERDANA PETROLEUM BERHAD ("the Company" or "PPB")

PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT")
On 17 May 2023, PPB obtained its shareholder's approval for the PPB Group to enter into RRPT with Related Parties in the ordinary course of business based on commercial terms which are not more favourable to the Related Parties than those generally available to the public, which are necessary for PPB Group’s day-to-day operations (hereinafter referred to as the “Shareholders’ Mandate 2023”).

The Shareholders’ Mandate 2023 shall, in accordance with the Listing Requirements, lapse at the conclusion of the forthcoming Annual General Meeting ("AGM"), unless the authority for its renewal is obtained from the shareholders of PPB. The Board of Directors of the Company wishes to announce that PPB proposes to seek approval for the proposed renewal of mandate for RRPT at the forthcoming AGM to be convened ("Proposed Renewal of Shareholders' Mandate").

A Circular to the Shareholders of PPB setting out details of the Proposed Renewal of Shareholders’ Mandate will be issued in due course.

This announcement is dated 16 April 2024.





Announcement Info

Company Name PERDANA PETROLEUM BERHAD
Stock Name PERDANA
Date Announced 16 Apr 2024
Category General Announcement for PLC
Reference Number GA1-16042024-00085



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