SPSETIA

1.420

(%)

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