FGV Annual Integrated Report 2019

134 FGV HOLDINGS BERHAD ADDITIONAL INFORMATION ADDITIONAL DISCLOSURE UTILISATION OF PROCEEDS There were no proceeds raised from corporate proposals during the financial year ended 31 December 2019. NON-AUDIT FEES The amount of non-audit fees rendered to the Group by its external auditors, PricewaterhouseCoopers PLT (PwC), for the financial year ended 31 December 2019 amounted to RM30,000 and was within the allowable threshold. MATERIAL CONTRACTS Save for those disclosed in the Financial Statements, there was no other material contract entered into by the Company or its subsidiaries either still subsisting at the end of the financial year 2019 or entered into since the end of the previous financial year ended 31 December 2018. LONG TERM INCENTIVE PLAN (LTIP) Details of the LTIP are provided on page 3 of FGV Audited Financial Statements 2019. SHARE ISSUANCE SCHEME There was no Share Issuance Scheme declared or implemented in 2019. RECURRENT RELATED PARTY TRANSACTION OF REVENUE OR TRADING NATURE At the 11 th Annual General Meeting (AGM) held on 25 June 2019, the Company had obtained a Shareholders’ mandate from its Shareholders for the existing Recurrent Related Party Transactions of a revenue or trading nature for FGV and its Group of Companies (“FGV Group”) and Shareholders’ mandate for the new Recurrent Related Party Transactions of a revenue or trading nature for FGV Group (RRPT Shareholders’ Mandate). The RRPT Shareholders’ Mandate is valid until the conclusion of the forthcoming 12 th AGM of the Company. The Company proposes to seek a renewal of the RRPT Shareholders’ Mandate at its forthcoming 12 th AGM. The renewal of the RRPT Shareholders’ Mandate, if approved by the Shareholders, will be valid until the conclusion of the Company’s next 13 th AGM. The details of the proposed renewal of the RRPT Shareholders’ Mandate will disclosed in the Circular to Shareholders which will be sent together with the Notice of the 12 th AGM. Pursuant to paragraph 10.09(2)(b) and paragraph 3.1.5 of Practice Note of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the details of the Recurrent Related Party Transaction of a revenue or trading nature entered into during the financial year ended 31 December 2019. Details of the RRPTs entered into by FGV Group with Related Parties under the Proposed Renewal of Shareholders’ Mandate: Item Transacting Parties Interested Major Shareholders/ Directors and persons connected with them Nature of RRPT Value of Transaction (RM’000) Recipient Provider 1. KPF-Linked Subsidiaries, MSM Group of Companies & FGV Trading FGV Group Interested Major Shareholders: • FELDA • FAHC Interested Directors: • Dato’ Othman Omar • Mohd Hassan Ahmad • Directors in KPF-Linked Subsidiaries* Interested person connected: • KPF Provision of management and shared services 144,934