MULTIPLE PROPOSALS - RENOUNCEABLE RIGHTS ISSUE OF 132,604,152 REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES ("INSAS SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS"); AND - AMENDMENTS TO THE CONSTITUTION OF INSAS ("AMENDMENTS")
| INSAS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | - RENOUNCEABLE RIGHTS ISSUE OF 132,604,152 REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES ("INSAS SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS"); AND
- AMENDMENTS TO THE CONSTITUTION OF INSAS ("AMENDMENTS") |
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Reference is made to the announcements dated 9 July 2020, 16 November 2020, 5 January 2021, 26 February 2021 and 4 March 2021.
M&A Securities Sdn Bhd, on behalf of the Board of Directors of Insas, wishes to announce that the Rights Issue with Warrants and the Amendments have been completed following the listing of and quotation for 132,604,152 redeemable preference shares and 331,510,380 free detachable warrants on the Main Board of Bursa Malaysia Securities Berhad on 5 March 2021.
This announcement is dated 5 March 2021. |
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Announcement Info
| Company Name | INSAS BERHAD |
| Stock Name | INSAS |
| Date Announced | 05 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05032021-00035 |