Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 14 Oct 2016
Category: General Announcement for PLC
Reference Number: GA1-14102016-00030
Type: Announcement
Subject: OTHERS
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 21st AGM held on 9 December 2015 shall, subject to renewal, expire at the conclusion of the forthcoming AGM.
Share Buy-back Statement to Shareholders setting out the details of the proposal will be dispatched to the shareholders in due course.
This announcement is dated 14 October 2016.