PICORP

0.035

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OTHERS PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY") (A) PROPOSED RENEWAL OF THE SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND (B) PROPOSED RENEWAL OF THE AUTHORITY TO THE COMPANY TO PURCHASE UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN THE COMPANY. (COLLECTIVELY, "THE PROPOSALS")

PROGRESSIVE IMPACT CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description 
PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY")

(A) PROPOSED RENEWAL OF THE SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND

(B) PROPOSED RENEWAL OF THE AUTHORITY TO THE COMPANY TO PURCHASE UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN THE COMPANY.

(COLLECTIVELY, "THE PROPOSALS")

The Company had, at its 33rd Annual General Meeting ("AGM") held on 25 June 2025, obtained the authority from its shareholders for PICORP and its subsidiaries ("Group") to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the Group's day-to-day operations as well as authority for the Company to purchase its own ordinary shares of up to 10% of its total number of issued shares ("Shareholders' Mandates"). 

 

The Shareholders' Mandates will expire at the conclusion of the forthcoming AGM of the Company. The Company intends to seek its shareholders' approval for the proposed renewal of Shareholders' Mandates at the Company's forthcoming AGM. 

 

A Circular and Statement to Shareholders on the Proposals will be issued to the shareholders of PICORP together with the Company's Annual Report 2025 in due course.

 

This announcement is dated 14 April 2026.



Announcement Info

Company Name PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name PICORP
Date Announced 14 Apr 2026
Category General Announcement for PLC
Reference Number GA1-14042026-00006


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