ADVENTA

0.820

+0.045 (+5.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ADVENTA BERHAD ("ADVENTA" OR THE "COMPANY") PROPOSED ISSUANCE OF SHARES OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN ADVENTA IN ACCORDANCE WITH A GENERAL MANDATE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED SHARES ISSUANCE")

ADVENTA BERHAD

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

PROPOSED ISSUANCE OF SHARES OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN ADVENTA IN ACCORDANCE WITH A GENERAL MANDATE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED SHARES ISSUANCE")

This announcement is dated 13 December 2021.

 

Reference is made to the Company’s announcements on 8 December 2021 in relation to the Proposed Shares Issuance ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board, AmInvestment Bank is pleased to announce that Bursa Securities had, vide its letter dated 10 December 2021, approved the listing of and quotation for 30,557,154 new Adventa Shares to be issued pursuant to the Proposed Shares Issuance subject to the following conditions:-

 

  1. Adventa and AmInvestment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Shares Issuance;
  2. Adventa and AmInvestment Bank are required to inform Bursa Securities upon the completion of the Proposed Shares Issuance;
  3. Adventa and AmInvestment Bank are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Shares Issuance is completed; and
  4. AmInvestment Bank must submit to Bursa Securities with details of the placees/subscriber in accordance with Paragraph 6.15 of the 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 Proposed Shares Issuance.

 






Announcement Info

Company Name ADVENTA BERHAD
Stock Name ADVENTA
Date Announced 13 Dec 2021
Category General Announcement for PLC
Reference Number GA1-13122021-00021