NEXGRAM

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS

NEXGRAM HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF WARRANTS

We refer to the announcements dated 2 November 2021, 6 December 2021 and 8 December 2021 in relation to the Proposed Bonus Issue of Warrants (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of Nexgram, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 17 January 2022, approved the following:

 

(a) admission to the Official List and listing and quotation of up to 1,038,261,532 Warrants D to be issued pursuant to the Proposed Bonus Issue of Warrants; and

 

(b) listing and quotation of up to 1,038,261,532 new Nexgram Shares to be issued arising from the exercise of the Warrants D.

 

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

 

(i) Nexgram and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;

 

(ii) Nexgram and TA Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

 

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

 

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

 

This announcement is dated 19 January 2022.






Announcement Info

Company Name NEXGRAM HOLDINGS BERHAD
Stock Name NEXGRAM
Date Announced 19 Jan 2022
Category General Announcement for PLC
Reference Number GA1-17012022-00073