SMTRACK

0.050

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES SMTRACK BERHAD ("SMTRACK" OR "COMPANY") PROPOSED FREE WARRANTS ISSUE OF UP TO 88,345,328 WARRANTS IN SMTRACK ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN SMTRACK HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED FREE WARRANTS ISSUE")

SMTRACK BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
SMTRACK BERHAD ("SMTRACK" OR "COMPANY")

PROPOSED FREE WARRANTS ISSUE OF UP TO 88,345,328 WARRANTS IN SMTRACK ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN SMTRACK HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED FREE WARRANTS ISSUE")

We refer to the announcements made on 18 November 2019 and 29 November 2019 in relation to the Free Warrants Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

The Board has deliberated on the Proposed Free Warrants Issue and considered amongst others, the current market conditions.

 

On behalf of the Board, Kenanga IB wishes to announce that the Board has resolved not to proceed with the Proposed Free Warrants Issue.

 

 

This announcement is dated 12 May 2020.






Announcement Info

Company Name SMTRACK BERHAD
Stock Name SMTRACK
Date Announced 12 May 2020
Category General Announcement for PLC
Reference Number GA1-08052020-00024