UZMA

1.290

+0.02 (+1.6%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING UZMA BERHAD ("UZMA" OR THE "COMPANY") PRIVATE PLACEMENT

UZMA BERHAD

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

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 9 September 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcement in relation to the Private Placement dated 9 September 2021.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 24 September 2021, approved the listing and quotation of up to 32,002,000 Placement Shares to be issued pursuant to the Private Placement.

 

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

 

(i)         Uzma and Mercury Securities must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Private Placement;

 

(ii)        Uzma and Mercury Securities are required to inform Bursa Securities upon completion of the Private Placement;

 

(iii)       Uzma is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed;

 

(iv)       In the event that the Private Placement is not completed before the next Annual General Meeting, Uzma is required to furnish a certified true copy of the resolution passed by Uzma’s shareholders for a general mandate under Sections 75 and 76 of the Companies Act, 2016 at Uzma’s forthcoming Annual General Meeting; and

 

(v)       Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Main Market Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Private Placement.

 

This announcement is dated 24 September 2021.






Announcement Info

Company Name UZMA BERHAD
Stock Name UZMA
Date Announced 24 Sep 2021
Category General Announcement for PLC
Reference Number GA1-24092021-00061