MAGNA

0.560

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MAGNA PRIMA BERHAD ("MPB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL ISSUED NUMBER OF SHARES IN MPB (EXCLUDING TREASURY SHARES)

MAGNA PRIMA BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MAGNA PRIMA BERHAD ("MPB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL ISSUED NUMBER OF SHARES IN MPB (EXCLUDING TREASURY SHARES)

Unless otherwise stated, definitions used throughout this announcement shall carry the same meaning as those defined in the announcement dated 16 April 2021.

 

Reference is made to the announcement dated 16 April 2021.

 

On behalf of the Board of Directors of MPB, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 3 May 2021, resolved to approve the listing of and quotation for up to 66,525,400 new ordinary shares in MPB to be issued pursuant to the Proposed Private Placement on the Main Market of Bursa Securities subject to the following:

 

1. MPB and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;

 

2. MPB and M&A Securities are to inform Bursa Securities upon the completion of the Proposed Private Placement;

 

3. M&A Securities 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; and

 

4. Payment of additional listing fee, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable.

 

MPB is also required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

 

This announcement is dated 3 May 2021.






Announcement Info

Company Name MAGNA PRIMA BERHAD
Stock Name MAGNA
Date Announced 03 May 2021
Category General Announcement for PLC
Reference Number GA1-03052021-00120