PWORTH

0.100

-0.005 (-4.8%)

MULTIPLE PROPOSALS PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR "COMPANY") I. PROPOSED SHARE CONSOLIDATION; AND II. PROPOSED NOTES ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS")

PRICEWORTH INTERNATIONAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR "COMPANY")

I.	PROPOSED SHARE CONSOLIDATION; AND
II.	PROPOSED NOTES ISSUE

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcements made on 30 April 2021, 6 May 2021, 11 June 2021, 24 June 2021 and 6 July 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of PWI, Kenanga IB wishes to announce that Bursa Securities had, vide its letter dated 16 July 2021, approved the Proposed Notes Issue.

 

The approval granted by Bursa Securities for the Proposed Notes Issue is subject to the following conditions:

 

  1. PWI and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Notes Issue;
  2. PWI and Kenanga IB to inform Bursa Securities upon the completion of the Proposed Notes Issue;
  3. PWI to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Notes Issue is completed;
  4. PWI to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposed Notes Issue; and
  5. Payment of additional listing fee pertaining to the conversion of Notes, if relevant. In this respect, PWI is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the Notes as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 16 July 2021.






Announcement Info

Company Name PRICEWORTH INTERNATIONAL BERHAD
Stock Name PWORTH
Date Announced 16 Jul 2021
Category General Announcement for PLC
Reference Number GA1-16072021-00093