SAMCHEM

1.860

+0.01 (+0.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SAMCHEM HOLDINGS BERHAD ("SAMCHEM" OR "COMPANY") PROPOSED BONUS ISSUE OF 272,000,000 NEW ORDINARY SHARES IN SAMCHEM ("SAMCHEM SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING SAMCHEM SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

SAMCHEM HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
SAMCHEM HOLDINGS BERHAD ("SAMCHEM" OR "COMPANY")

PROPOSED BONUS ISSUE OF 272,000,000 NEW ORDINARY SHARES IN SAMCHEM ("SAMCHEM SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING SAMCHEM SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

We refer to the Company’s announcements dated 9 April 2021 and 14 April 2021 in relation to the Proposed Bonus Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.

 

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities has, vide its letter dated 16 April 2021, resolved to approve the listing of and quotation for 272,000,000 new Samchem Shares to be issued pursuant to the Proposed Bonus Issue.

 

The approval granted by Bursa Securities is subject to the following conditions:

 

  1. Samchem and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;       
  2. Samchem and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;  
  3. Samchem/Affin Hwang IB to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the forthcoming general meeting for the Proposed Bonus Issue; 
  4. Samchem and Affin Hwang IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and
  5. Samchem and Affin Hwang IB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements.

 

At this juncture, the Proposed Bonus Issue is subject to the approval of the shareholders of Samchem at an extraordinary general meeting to be convened.   

 

This announcement is dated 19 April 2021.






Announcement Info

Company Name SAMCHEM HOLDINGS BERHAD
Stock Name SAMCHEM
Date Announced 19 Apr 2021
Category General Announcement for PLC
Reference Number GA1-19042021-00022