CGB

0.890

-0.005 (-0.6%)

MULTIPLE PROPOSALS CENTRAL GLOBAL BERHAD ("CGB" OR "COMPANY") I. PROPOSED BONUS ISSUE OF SHARES; II. PROPOSED FREE WARRANTS ISSUE; AND III. PROPOSED LTIS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

CENTRAL GLOBAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
CENTRAL GLOBAL BERHAD ("CGB" OR "COMPANY") 

I.	PROPOSED BONUS ISSUE OF SHARES;
II.	PROPOSED FREE WARRANTS ISSUE; AND
III.	PROPOSED LTIS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 26 July 2021, 28 July 2021 and 18 August 2021 in relation to the Proposals.)

 

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 1 October 2021, approved the following:

 

(i) listing and quotation of up to 108,000,002 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

 

(ii) admission to the Official List and listing and quotation of up to 108,000,002 Warrants to be issued pursuant to the Proposed Free Warrants Issue;

 

(iii) listing and quotation for up to 108,000,002 new CGB shares to be issued arising from the exercise of the Warrants; and

 

(iv) listing of such number of new ordinary shares, representing up to 15% of the total number of issued Shares (excluding treasury shares, if any), to be issued pursuant to the Proposed LTIS.

 

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

 

1. CGB and TA Securities must fully comply with the relevant provisions under the Listing Requirements at all times pertaining to the implementation of the Proposals;

 

2. CGB and TA Securities are required to inform Bursa Securities upon the completion of the Proposals;

 

3. CGB and TA Securities are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

 

4. TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed LTIS;

 

5. CGB/ TA Securities is required to make the relevant announcements for Proposed Bonus Issue of Shares pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements;

 

6. CGB/ TA Securities is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the extraordinary general meeting approving the Proposed Bonus Issue of Shares; and

 

7. CGB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants and Proposed LTIS respectively as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 1 October 2021.






Announcement Info

Company Name CENTRAL GLOBAL BERHAD
Stock Name CGB
Date Announced 01 Oct 2021
Category General Announcement for PLC
Reference Number GA1-01102021-00076