SNC

0.565

+0.01 (+1.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SNC, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PROPOSED PRIVATE PLACEMENT")

SAND NISKO CAPITAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SNC, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PROPOSED PRIVATE PLACEMENT")

We refer to the announcements dated 12 March 2021, 22 March 2021 and 26 March 2021 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of SNC, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 29 March 2021, resolved to approve the listing of and quotation for up to 17,160,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) SNC and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) SNC and TA Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;

(iii) SNC is required 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;

(iv) TA Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement; and

(v) in the event the Proposed Private Placement is not completed before the next annual general meeting, SNC is required to furnish a certified true copy of the resolution passed by SNC’s shareholders for a general mandate under Sections 75 and 76 of the Companies Act 2016 at SNC’s forthcoming annual general meeting.

This announcement is dated 30 March 2021.






Announcement Info

Company Name SAND NISKO CAPITAL BERHAD
Stock Name SNC
Date Announced 30 Mar 2021
Category General Announcement for PLC
Reference Number GA1-30032021-00038