COMFORT

0.415

-0.005 (-1.2%)

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 OF WARRANTS; 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 OF WARRANTS; AND

(II) PROPOSED ESS

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

Reference is made to the Company’s announcements on 12 April 2021 and 13 April 2021 in relation to the Proposals ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of CGB, AmInvestment Bank is pleased to announce that Bursa Securities had, vide its letter dated 28 April 2021, approved the following:-

  1. admission to the Official List and listing of and quotation for up to 174,132,912 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
  2. listing of and quotation for up to 174,132,912 new CGB Shares to be issued pursuant to the exercise of Warrants; and
  3. listing of such number of additional new ordinary shares, representing up to 15% of the total number of issued shares of CGB (excluding treasury shares, if any), to be issued pursuant to the Proposed ESS.

The approval by Bursa Securities for the Proposals is subject to the following conditions:-

  1. CGB and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposals;
  2. CGB and AmInvestment Bank are required to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;
  3. AmInvestment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Paragraph 6.43(1) of the LR and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESS;
  4. CGB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the issuance of new shares under the Proposed ESS and exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable; and
  5. CGB and AmInvestment Bank are required 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 of Warrants is completed.

 

This announcement is dated 28 April 2021.






Announcement Info

Company Name COMFORT GLOVES BERHAD
Stock Name COMFORT
Date Announced 28 Apr 2021
Category General Announcement for PLC
Reference Number GA1-28042021-00063