FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD ADDITIONAL INFORMATION 318 ADDITIONAL DISCLOSURE UTILISATION OF PROCEEDS There were no proceeds raised from corporate proposals during the financial year ended 31 December 2017. 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 2017 amounted to RM231,000 and within the allowable threshold. MATERIAL CONTRACTS Save for those disclosed in the financial statements, there was no material contract entered into by the Company or its subsidiaries, either still subsisting at the end of the financial year ended 31 December 2017 or entered into since the end of the previous financial year. LONG TERM INCENTIVE PLAN (LTIP) Details of the LTIP are provided on page 112 of this Annual Integrated Report 2017. SHARE ISSUANCE SCHEME There was no Share Issuance Scheme declared or implemented in 2017. RECURRENT RELATED PARTY TRANSACTION OF REVENUE OR TRADING NATURE At the 9 th Annual General Meeting (AGM) held on 25 May 2017, the Company had obtained a Shareholders’ mandate from its Shareholders for Recurrent Related Party Transaction of revenue or trading of nature to be entered into the Company and/or its subsidiaries (RRPT Shareholders’ Mandate). The RRPT Shareholders’ Mandate is valid until the conclusion of the forthcoming 10 th AGM of the Company to be held on 28 June 2018. The Company proposes to seek a renewal of the existing RRPT Mandate and the new RRPT Mandate at its forthcoming 10 th AGM. The renewal of the existing RRPT Mandate and the RRPT Mandate, if approved by the Shareholders, will be valid until the conclusion of the Company’s next AGM. The details of the RRPT Mandate being sought are provided in the Circular to Shareholders dated 30 April 2017 which was sent together with the Annual Integrated Report. 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 2017. A. Details of theRRPTs entered intoby theFGVGroupwith theRelatedParties under theProposedRenewal of Shareholders’ Mandate Item Transacting Related Parties Interested Major Shareholders/ Directors and persons connected with them Nature of RRPT Value of Transaction (RM’000) Recipient Provider 1. FELDA F Engineering Interested Major Shareholders are FELDA and FAHC Interested Directors are Dato’ Sri Abu Bakar, Dato’ Ab Ghani, Datuk Muzzammil and Datuk Hanapi Suhada Interested person connected is KPF Provision of maintenance and consultancy services 36,887 2. FELDA FPM Interested Major Shareholders are FELDA and FAHC Interested Directors are Dato’ Sri Abu Bakar, Dato’ Ab Ghani and Datuk Muzzammil Interested person connected is KPF Sale of fertilisers 74,997