BIMB Integrated Annual Report 2017

10. GENERAL MANDATE BHB Group had at the last Annual General Meeting 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 Annual General Meeting of the Company. The Board proposes to seek the renewal of the existing RRPTs Mandate at the forthcoming 21 st Annual General Meeting of the Company which will be held on 15 May 2018 at 10.00 a.m. This Mandate, if approved by shareholders, will be valid until the conclusion of the next Annual General Meeting of the Company in the year 2019. EXISTING MANDATE NATURE OF TRANSACTIONS RELATED PARTY/ PRINCIPAL ACTIVITIES INTERESTED DIRECTOR AND/ OR MAJOR SHAREHOLDERS 1 PREVIOUS ESTIMATED AGGREGATE VALUE AS DISCLOSED IN THE CIRCULAR TO SHAREHOLDERS DATED 25 APRIL 2017 RM’000 ACTUAL VALUE TRANSACTED FROM 17 MAY 2017 (BEING THE DATE OF THE LAST AGM) TO 31 MARCH 2018 2 RM’000 NEW ESTIMATED AGGREGATE VALUE FROM THE FORTHCOMING 21 ST AGM ON 15 MAY 2018 TO THE NEXT AGM DATE (TO BE HELD IN 2019) 3 RM’000 • 4 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 53.47% shareholding. Interested Directors (1) Datuk Rozaida Omar and Puan Rifina Md Ariff are nominee directors of TH in BHB. They have no direct/indirect shareholding in TH and BHB. (2) Datuk Zaiton Mohd Hassan and Puan Noraini Che Dan are Directors of Bank Islam and they are also Directors of BHB. They have no direct/indirect shareholding in Bank Islam and BHB. (3) Encik Khairul Kamarudin, the Chief Executive Officer of BHB is also the Chief Executive Officer of Bank Islam. Encik Khairul Kamarudin has no direct/ indirect shareholding in BHB and Bank Islam. 24,236 21,130 26,889 147 Overview Value Creation Accountability Financial Statements Sustainability Performance Data Shareholders Information 21 st AGM Information Management Discussion & Analysis