New Issue of Securities (Chapter 6 Of Listing Requirements) : Bonus Issues

BackMar 09, 2018
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY") PROPOSED BONUS ISSUE OF 640,000,000 NEW ORDINARY SHARES IN BPB ("BPB SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 5 EXISTING BPB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

The terms used herein shall have the same meaning as those defined in the announcement dated 21 November 2017, unless otherwise stated.

We refer to the announcements dated 21 November 2017 and 28 December 2017 in relation to the Proposed Bonus Issue.

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had, vide its letter dated 9 March 2018, approved the listing of and quotation for the 640,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue.

The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:

1. BPB and Affin Hwang IB must fully comply with the relevant provisions under the MMLR pertaining to the implementation of the Proposed Bonus Issue;

2. BPB and Affin Hwang IB to inform Bursa Securities upon completion of the Proposed Bonus Issue;

3. BPB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;

4. BPB and Affin Hwang IB are required to make the relevant announcements for the Proposed Bonus Issue pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the MMLR; and

5. BPB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in a general meeting.

 

This announcement is dated 9 March 2018.





Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 09 Mar 2018
Category General Announcement for PLC
Reference Number GA1-09032018-00140
Boustead Plantations Berhad
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