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COB Ruling on Proxies for AGM

posted Jun 7, 2011, 6:51 PM by PMO Accounts1

Kindly be informed that pursuant to the latest directive from COB, which we have received on 2nd June 2011, the appointment of a proxy to attend and vote in an AGM/EGM can only be effected in the following circumstances:-

i)  Joint Purchasers (Sample A)

Joint purchasers can only vote via a proxy jointly appointed by them. However, the proxy must be either one of the joint purchasers. No third party can be appointed as a proxy.

ii) Company Purchaser (Sample B)

A company purchaser can only vote via a proxy appointed by the company. However, the proxy must be a worker or director of the company duly appointed by a directors’ resolution. A Certified True Copy (CTC) of the said resolution is to be attached to the proxy from.

A copy of the said directive and the sample proxy forms are attached below.

PMO Accounts1,
Jun 9, 2011, 9:53 PM