FGV Annual Report 2014

Recurrent Related Party Transactions of Revenue or Trading Nature At the Sixth Annual General Meeting (AGM) held on 25 June 2014, Felda Global Ventures Holdings Berhad (FGV or the Company) had obtained a general mandate from its shareholders for Recurrent Related Party Transactions of revenue or trading nature, to be entered into by the Company and/or its subsidiaries (RRPT Mandate). The RRPT Mandate is valid until the conclusion of the forthcoming Seventh AGM of the Company to be held on 16 June 2015. The Company proposes to seek a renewal of the existing RRPT Mandate and a new RRPT Mandate at its forthcoming Seventh AGM. The renewal of the existing RRPT Mandate and the new RRPT Mandate, if approved by the shareholders, will be valid until the conclusion of the Company’s next AGM. Details of the RRPT Mandate being sought is provided in the Circular to Shareholders dated 25 May 2015 sent together with the Annual Report. Pursuant to paragraph 10.09(2)(b) and paragraph 3.1.5 of Practice Note 12 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, details of the Recurrent Related Party Transactions of a revenue or trading nature entered into during the financial year ended 31 December 2014 by the subsidiaries of FGV are as follows: No. Recipient Provider Nature of Transaction Related Party Value of Transaction (RM’000) 1. FHB FELDA Office rental Interested Major Shareholder: – FELDA – FAHC Interested Directors: – YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad – YB Datuk Noor Ehsanuddin Mohd Harun Narrashid – Datuk Haji Faizoull Ahmad – Dato’ Mohd Emir Mavani Abdullah – Datuk Dr Omar Salim – Datuk Nozirah Bahari 4,260 2. F Palm Industries FGV Management fee Interested Major Shareholder: – FELDA – FAHC Interested Directors: – YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad – YB Datuk Noor Ehsanuddin Mohd Harun Narrashid – Dato’ Mohd Emir Mavani Abdullah – Datuk Haji Faizoull Ahmad 49,028 3. F Palm Industries FELDA Purchase of fresh fruit bunches Interested Major Shareholder: – FELDA Interested Directors: – YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad – YB Datuk Noor Ehsanuddin Mohd Harun Narrashid – Datuk Haji Faizoull Ahmad – Dato’ Mohd Emir Mavani Abdullah 2,895,071 4. F Palm Industries FELDA Office rental 2,795 5. FELDA F Palm Industries Payment to JCC 15,772 Felda Global Ventures Holdings Berhad pg 332 ADDITIONAL DISCLOSURE