DATAPRP

0.115

-0.005 (-4.2%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES DATAPREP HOLDINGS BHD ("DHB" OR "COMPANY") (I) PROPOSED SHARE PLACEMENT (II) PROPOSED LTIP COLLECTIVELY REFERRED TO AS "PROPOSALS"

DATAPREP HOLDINGS BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
DATAPREP HOLDINGS BHD ("DHB" OR "COMPANY") 

(I) 	PROPOSED SHARE PLACEMENT 
(II) 	PROPOSED LTIP 

COLLECTIVELY REFERRED TO AS "PROPOSALS"

Announcement Details/Table Section


We refer to the announcements dated 21 April 2020 and 18 May 2020 (collectively referred to as “Announcements”) in relation to the Proposals. Unless stated otherwise, the terms used in this announcement shall carry the same meanings as defined in the Announcements.


On behalf of the Board, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Securities had, vide its letter dated 29 June 2020, approved the following:-


(i)       listing of up to 139,060,500 Placement Shares to be issued pursuant to the Proposed Share Placement; and


(ii)      listing of such number of new DHB Shares representing up to 15% of the total number of issued shares of DHB (excluding treasury shares) to be issued pursuant to the exercise of the options and/vesting of the new shares under the Proposed LTIP.


The approval granted by Bursa Securities for the listing and quotation of the Placement Shares is subject to the following conditions:-


(a)      DHB and KAF IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Share Placement;

(b)      DHB and KAF IB to inform Bursa Securities upon the completion of the Proposed Share Placement; and


(c)      DHB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Placement is completed.

 

The approval granted by Bursa Securities for the Proposed LTIP is subject to the following conditions:-

(a)      KAF IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolutions passed by the shareholders in general meeting; and


(b)      DHB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of options, pursuant to the Proposed LTIP as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 29 June 2020.






Announcement Info

Company Name DATAPREP HOLDINGS BHD
Stock Name DATAPRP
Date Announced 29 Jun 2020
Category General Announcement for PLC
Reference Number GA1-29062020-00080