Page 374 - Full Book_24.4.2021

nOtICe OF the 24 th
annUaL GeneraL MeetInG

7. Proposed renewal of the authority for Directors to allot and issue new ordinary shares of BHB, for the
purpose of the Company’s Dividend Reinvestment Plan (“drP”) that provides the shareholders of BHB
the option to elect to reinvest their cash dividend in new BHB Shares.

“ThAT pursuant to the DRP as approved by the Shareholders at the Extraordinary General Meeting
held on 27 October 2014 and renewed at the Annual General Meeting held on 26 August 2020 and
subject to the approval of the relevant regulatory authority (if any), approval be and is hereby given to
INTEGRATED ANNUAL REPORT 2020 to be allotted and issued pursuant to the DRP until the conclusion of the next Annual General Meeting
the Company to allot and issue such number of new BHB Shares from time to time as may be required

upon such terms and conditions and to such persons as the Directors of the Company at their sole and
absolute discretion, deem fit and in the interest of the Company ProVided ThAT the issue price of the
said new BHB Shares shall be fixed by the Directors based on the adjusted five (5) market days volume
weighted average market price (“VwAP”) of BHB Shares immediately prior to the price-fixing date after
applying a discount of not more than 10%, of which the VWAP shall be adjusted ex-dividend before
applying the aforementioned discount in fixing the issue price;

And ThAT the Directors and the Secretary of the Company be and are hereby authorised to do all such
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acts and enter into all such transactions, arrangements, deeds, undertakings and documents as may be
necessary or expedient in order to give full effect to the DRP with full power to assent to any conditions,
modifications, variations and/or amendments as may be imposed or agreed to by any relevant authorities (Ordinary Resolution 6)
BIMB HOLDINGS BERHAD 199701008362 (423858-X) 8. To transact any other ordinary business of which due notice shall have been given in accordance with
(if any) or consequent upon the implementation of the said conditions, modifications, variations and/or
amendments, by the Directors as they, in their absolute discretion, deem fit and in the best interest of
the Company.”

the Companies Act 2016.

By Order of the Board
MAriA MAT sAid
Company Secretary (LS 0009400)
Practicing Certificate No. 202008002449
Kuala Lumpur
3 May 2021

eXPlAinATory noTes:
1. AudiTed finAnciAl sTATeMenTs
The Audited Financial Statements laid at this meeting pursuant to Section 340(1)(a) of the Companies Act 2016 are meant for the shareholders’
information and discussion only. It does not require shareholders’ approval, and therefore Audited Financial Statements are not put forward for
voting.
2. re-elecTion of direcTors
(i) Ordinary Resolutions 1 and 2

Clause 133 of the Company’s Constitution provides that one-third (1/3) of the Directors of the Company for the time being, or, if their number
is not three (3) or a multiple of three (3), then the nearest one-third (1/3) shall retire from office, provided that all Directors shall retire from office
at least once in three (3) years, but shall be eligible for re-election.