The Board of Directors of D & O Ventures Berhad (hereinafter referred to as "D&O" or "the Company") wishes to announce that the Company seeks renewed mandate from its shareholders for D&O and its subsidiary companies (hereinafter referred to as "the Group") to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the day to day operations of the Group (hereinafter referred to as "Recurrent Transactions"), at the forthcoming Fifth Annual General Meeting (“5th AGM”) to be held on a date to be announced later.
2. Proposed shareholders' mandate for recurrent transactions of a revenue or trading nature
During the Company's Fourth Annual General Meeting held on 28 May 2008, the shareholders of D&O had granted a shareholders' mandate to the Group to enter into Recurrent Transactions. The said mandate will expire at the conclusion of the forthcoming Annual General Meeting of the Company. D&O proposes to seek the renewal of and new shareholders' mandate to allow the Group to enter into Recurrent Transactions at the forthcoming 5th AGM of the Company.
3. Circular to shareholders
The circular to shareholders containing the details of the above proposed renewal of and new shareholders' mandate will be issued to the shareholders of D&O in due course..