BIMB Integrated Annual Report 2019

8. IMPOSITION OF SANCTIONS AND/OR PENALTIES There were no public sanctions and/or penalties imposed on the Company or its subsidiaries, Directors or Management arising from any significant breach of rules/guidelines/legislations by the relevant regulatory bodies during the financial year under review. 9. VARIATION ON RESULTS There was no variation in results (differing by 10% or more) from any profit estimated forecast or projection of unaudited results announced. 10. GENERAL MANDATE BHB Group had at the last AGM obtained a general mandate from its shareholders to allow BHB and/or its subsidiaries, in their normal course of business, to enter into recurrent transactions of a revenue or trading nature with related parties (“RRPTs”) which are necessary for its day-to-day operations, on terms not more favourable to the related party than those available in the general public and not to the detriment of the minority shareholders. The RRPTs Mandate is valid until the conclusion of the forthcoming AGM of the Company. The breakdown of the aggregate value of the recurrent related party transaction made during the financial year are as follows: Nature of Transactions Related Party/ Principal Activities Interested Director and/or major shareholders Aggregate Value Made During the Financial Year RM’000 Previous Estimated Aggregate Value as disclosed in the Circular to Shareholders dated 19 April 2019 RM’000 • Rental of office premises payable by Bank Islam to TH. TH TH is principally involved in providing pilgrimage management services, saving and depository services, investment holding and rental of buildings. Interested major shareholder TH is a major shareholder of BHB with 52.97% shareholding as at 5 May 2020. Interested Directors 1) Datuk Nik Mohd Hasyudeen Yusoff being the Group Managing Director and Chief Executive Officer of TH is also a Director of BHB and Bank Islam. He has no direct/ indirect shareholding in TH, BHB and Bank Islam. 25,295 25,608 152 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance ADDITIONAL COMPLIANCE INFORMATION