PERISAI

0.005

(%)

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

PERISAI PETROLEUM TEKNOLOGI BHD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description
PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") 
 - PRACTICE NOTE 17/GUIDANCE NOTE 3: REGULARISATION PLAN

The Board of Directors of PERISAI wishes to announce that the Company has received a de-listing notice dated 17 January 2020 from Bursa Malaysia Securities Berhad  [200301033577 (635998-W)] (“Bursa Securities”) wherein Bursa Securities vide their letter dated 17 January 2020 had decided to:-

 

a) dismiss the Company’s further appeal for an extension of time of six (6) months until 30 June 2020 to submit a new regularisation plan; and

 

b) de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements.

 

In the circumstances, the securities of the Company will be removed from the Official List of Bursa Securities on Wednesday, 22 January 2020.

 

Effect of De-Listing from the Official List of Bursa Securities

 

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

 

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities.

 

This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

 

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and businesses and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

 

This announcement is dated 17 January 2020

 

 






Announcement Info

Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 17 Jan 2020
Category General Announcement for PLC
Reference Number GA1-17012020-00093