Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 24 Oct 2014
Category: General Announcement for PLC
Reference Number: KT-141024-61165
Description: Proposed Renewal of Share Buy-back Authority
The Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) proposes to seek authorization from the shareholders of the Company for the proposed renewal of share buy-back authority (referred to as “the proposal”) at the forthcoming Annual General Meeting (“AGM”) to be convened.
The present mandate for the share buy-back authority which was granted by the shareholders of the Company at its 19th AGM held on 18 December 2013 shall, subject to renewal, expire at the conclusion of the forthcoming AGM.
Share Buy-back Statement and Circular to Shareholders setting out in details of the proposal will be dispatched to the shareholders in due course.
This announcement is dated 24 October 2014.