COMFORT

2.340

+0.1 (+4.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES COMFORT GLOVES BERHAD ("CGB" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED ESS (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

COMFORT GLOVES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
COMFORT GLOVES BERHAD ("CGB" OR THE "COMPANY")

(I)   PROPOSED BONUS ISSUE; AND
(II)  PROPOSED ESS

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

This announcement is dated 12 April 2021.

 

On behalf of the Board of Directors of CGB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that CGB is proposing to undertake the following proposals:-

 

(i)   ​proposed bonus issue of up to 174,132,912 new warrants in CGB (“Warrant(s)”) on the basis of 3 Warrants for every 10 existing shares in CGB (“CGB Share(s) or Share(s)”) held on an entitlement date to be determined and announced later ("Proposed Bonus Issue"); and

 

(ii)  proposed establishment of an employees’ share scheme (“ESS”) of up to 15% of the total number of issued shares of CGB (excluding treasury shares, if any) at any point in time during the duration of the scheme for eligible Directors and employees of CGB and its subsidiaries (“CGB Group”) (“Proposed ESS”).

 

Please refer to the attached file for futher details of the Proposals.




Please refer attachment below.

Attachments

CGB - Announcement (final).pdf
312.9 kB



Announcement Info

Company Name COMFORT GLOVES BERHAD
Stock Name COMFORT
Date Announced 12 Apr 2021
Category General Announcement for PLC
Reference Number GA1-12042021-00053