NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES HOMERITZ CORPORATION BERHAD ("HCB" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED FREE WARRANTS ISSUE. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| HOMERITZ CORPORATION BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | HOMERITZ CORPORATION BERHAD ("HCB" OR "COMPANY")
(I) PROPOSED BONUS ISSUE; AND
(II) PROPOSED FREE WARRANTS ISSUE.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
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For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 5 May 2015 in relation to the Proposals.
On behalf of the Board of Directors of HCB, KAF Investment Bank Berhad (“KAF”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 22 May 2015, approved the following:-
(i) admission to the Official List and the listing and quotation of 50,000,000 Warrants on the basis of one (1) Warrant for every four (4) existing HCB Shares to be issued pursuant to the Proposed Free Warrants Issue;
(ii) the listing and quotation of 100,000,000 Bonus Shares to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing HCB Shares to be issued pursuant to the Proposed Bonus Issue; and
(iii) the listing of 50,000,000 new ordinary shares of RM0.20 each to be issued pursuant to the exercise of the Warrants.
The approval by Bursa Securities for the Proposals is subject to the following conditions:-
(i) HCB and KAF must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposals;
(ii) HCB and KAF to inform Bursa Securities upon the completion of the Proposals;
(iii) HCB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;
(iv) HCB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable; and
(v) HCB and KAF are required to make the relevant announcements pursuant to Paragraph 6.35 of the Listing Requirements in relation to the Proposed Bonus Issue.
This announcement is dated 25 May 2015.
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Announcement Info
| Company Name | HOMERITZ CORPORATION BERHAD |
| Stock Name | HOMERIZ |
| Date Announced | 25 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25052015-00056 |
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