BCMALL

0.015

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BCM ALLIANCE BERHAD ("BCM" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS

BCM ALLIANCE BERHAD

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

PROPOSED RIGHTS ISSUE WITH WARRANTS

(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 5 May 2021 in relation to the Proposed Rights Issue with Warrants, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcement in relation to the Proposed Rights Issue with Warrants dated 5 May 2021.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 24 May 2021, approved the following:-

 

(i)         listing of and quotation for up to 1,220,467,629 Rights Shares to be issued pursuant to Proposed Rights Issue with Warrants;

 

(ii)         admission to the official list and the listing of and quotation for up to 1,017,056,357 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and

 

(iii)        listing of and quotation for up to 1,017,056,357 new BCM shares to be issued arising from the exercise of the Warrants.

 

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

 

(i)         BCM and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue with Warrants;

 

(ii)         BCM and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;

 

(iii)        BCM to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed; and

 

(iv)        BCM to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

 

 

This announcement is dated 24 May 2021.






Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 24 May 2021
Category General Announcement for PLC
Reference Number GA1-24052021-00121