PLS

0.740

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES PLS PLANTATIONS BERHAD ("PLS" OR "COMPANY") (I) PROPOSED WARRANTS ISSUE; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS PROPOSALS)

PLS PLANTATIONS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
PLS PLANTATIONS BERHAD ("PLS" OR "COMPANY")

(I)	PROPOSED WARRANTS ISSUE;

(II)	PROPOSED RIGHTS ISSUE; AND

(III)	PROPOSED AMENDMENTS 

(COLLECTIVELY REFERRED TO AS PROPOSALS)

(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcements dated 25 October 2019 and 11 December 2019 in relation to the Proposals)

We refer to the Company’s announcements dated 25 October 2019 and 11 December 2019 in relation to the Proposals.

On behalf of the Board, Maybank IB and Astramina wish to announce that Bursa Securities had, vide its letter dated 9 January 2020, which was received on 10 January 2020, approved the following:

(i)   admission of 175,350,000 Warrants and up to 1,052,100,000 RPS to the Official List of Bursa Securities; and

(ii)  listing and quotation of the following on the Main Market of Bursa Securities:

      (a)    175,350,000 Warrants;

      (b)    up to 175,350,000 Exercised Shares; and

      (c)    up to 1,052,100,000 RPS.

The approval of Bursa Securities is subject to, among others, the following conditions:

(i)    PLS and Maybank IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

(ii)   PLS and Maybank IB to ensure that the issuance of securities pursuant to the Proposals will not aggravate the non-compliance of the public shareholding spread of PLS;

(iii)  PLS and Maybank IB to inform Bursa Securities upon the completion of the Proposals;

(iv)  PLS and Maybank IB 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; and

(v)  PLS to furnish Bursa Securities on a quarterly basis a summary of the total number of ordinary shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of the listing fees payable.

 

This Announcement is dated 10 January 2020. 






Announcement Info

Company Name PLS PLANTATIONS BERHAD
Stock Name PLS
Date Announced 10 Jan 2020
Category General Announcement for PLC
Reference Number GA1-10012020-00060