PENERGY

0.630

+0.05 (+8.6%)

MULTIPLE PROPOSALS PETRA ENERGY BERHAD ("PEB" OR "THE COMPANY") (I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND (II) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

PETRA ENERGY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
PETRA ENERGY BERHAD ("PEB" OR "THE COMPANY")

(I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND
(II) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

The Board of Directors of PEB wishes to seek shareholders’ approval for the following Proposals at the forthcoming Nineteenth Annual General Meeting of the Company to be convened on 26 May 2025:-


(i) Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and
(ii) Proposed Renewal of Authority for the Company to Purchase Its Own Shares.


(Collectively referred to as "the Proposals")


A Circular/Statement to Shareholders which sets out details on the abovementioned Proposals will be despatched to the shareholders in due course.


This announcement is dated 27 March 2025.



Announcement Info

Company Name PETRA ENERGY BERHAD
Stock Name PENERGY
Date Announced 27 Mar 2025
Category General Announcement for PLC
Reference Number GA1-27032025-00004


View original announcement