MULTIPLE PROPOSALS SUNWAY BERHAD ("SUNWAY") (i) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES; AND (ii) PROPOSED AMENDMENTS TO THE CONSTITUTION OF SUNWAY (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SUNWAY BERHAD ("SUNWAY")
(i) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES; AND
(ii) PROPOSED AMENDMENTS TO THE CONSTITUTION OF SUNWAY
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
Unless otherwise defined, the abbreviations and definitions used in the announcements dated 27 May 2020 and 6 July 2020 ("Announcements") shall apply herein.
We refer to the Announcements in relation to the Proposals.
On behalf of the Board, RHB Investment Bank wishes to announce that an application dated 9 July 2020 has been submitted to Bursa Securities for the following:
(i) admission of up to 1,112,777,962 ICPS to the Official List of Bursa Securities;
(ii) listing and quotation of the following on the Main Market of Bursa Securities:
(a) up to 1,112,777,962 ICPS to be issued pursuant to the Proposed Rights Issue of ICPS;
(b) up to 1,390,972,453 new Shares to be issued pursuant to the conversion of the ICPS;
(c) up to 67,495,505 additional warrants to be issued pursuant to the adjustment to the outstanding warrant 2017/2024 issued by the Company on 4 October 2017 (“Warrants”) in accordance with the deed poll dated 19 September 2017 constituting the Warrants and governing the rights of Warrant holders entered into by the Company; and
(d) up to 67,495,505 new Shares to be issued pursuant to the exercise of the additional Warrants.
This announcement is dated 9 July 2020. |
|
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 09 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03072020-00028 |