NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES

Reference Number  : GA1-13122017-00084 

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES WZ SATU BERHAD (WZ SATU OR THE COMPANY) PROPOSED BONUS ISSUE

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 13 DIS 2017
WZ SATU BERHAD

 

 

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
WZ SATU BERHAD (WZ SATU OR THE COMPANY)

PROPOSED BONUS ISSUE

Reference is made to the Company’s announcements dated 26 October 2017 in relation to the Proposed Bonus Issue (“Announcement”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as previously defined in the Announcement.

 

On behalf of the Board, HLIB wishes to announce that Bursa Securities has vide its letter dated 13 December 2017 resolved to approve the listing of the following:

 

(a) up to 157,321,584 Bonus Shares to be issued pursuant to the Proposed Bonus Issue;

 

(b) up to 32,860,251 additional Warrants to be issued pursuant to the adjustments to the Outstanding Warrants in accordance with the provisions of the Deed Poll; and

 

(c) up to 32,860,251 new Shares to be issued arising from the exercise of the additional Warrants.

 

The approval by Bursa Securities for the above is subject to the following conditions:

 

(a) WZ Satu and its adviser must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the proposal;

 

(b) WZ Satu and its adviser to inform Bursa Securities upon the completion of the proposal;

 

(c) WZ Satu to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the proposal is completed;

 

(d) WZ Satu to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at the EGM for the proposal; and

 

(e) WZ Satu and its adviser are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a), 6.35(2)(b) and 6.35(4) of the Listing Requirements.

 

This announcement is dated 13 December 2017.