NICE

0.230

+0.01 (+4.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF NICE IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

NICHE CAPITAL EMAS HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF NICE IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

This announcement is dated 6 July 2020.

 

Reference is made to the Company’s announcements on 26 June 2020 and 1 July 2020 in relation to the Proposed Private Placement ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board of Directors of NICE, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 3 July 2020, approved the listing of and quotation for up to 70,243,390 new NICE Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:-

 

  1. NICE and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements ("Main LR") pertaining to the implementation of the Proposed Private Placement;
     
  2. NICE and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement;
     
  3. NICE to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and
     
  4. NICE to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act, 2016, in the event the existing authority has expired prior to the full implementation of the Proposed Private Placement.





Announcement Info

Company Name NICHE CAPITAL EMAS HOLDINGS BERHAD
Stock Name NICE
Date Announced 06 Jul 2020
Category General Announcement for PLC
Reference Number GA1-06072020-00025