NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY") (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW CLASS C ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN S P SETIA TO RAISE GROSS PROCEEDS OF UP TO RM1,180.00 MILLION; AND (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF S P SETIA
S P SETIA BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY") (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW CLASS C ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN S P SETIA TO RAISE GROSS PROCEEDS OF UP TO RM1,180.00 MILLION; AND (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF S P SETIA |
On behalf of the Board of Directors of S P Setia, RHB Investment Bank Berhad wishes to announce that S P Setia proposes to undertake a renounceable rights issue of new class C Islamic redeemable convertible preference shares in S P Setia to raise gross proceeds of up to RM1,180.00 million (“Proposed Rights Issue”).
In order to facilitate the implementation of the Proposed Rights Issue, the Company also proposes to amend the Constitution of the Company (“Proposed Amendments”).
Further details of the Proposed Rights Issue and the Proposed Amendments are set out in the attachment below.
This Announcement is dated 27 April 2022. |
Please refer attachment below.
Announcement Info
Company Name | S P SETIA BERHAD |
Stock Name | SPSETIA |
Date Announced | 27 Apr 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-27042022-00075 |