CATCHA

0.285

(%)

PRACTICE NOTE 16 / GUIDANCE NOTE 2 : REGULARISATION PLAN

CATCHA DIGITAL BERHAD

Type Announcement
Subject PRACTICE NOTE 16 / GUIDANCE NOTE 2
REGULARISATION PLAN
Description
CATCHA DIGITAL BERHAD ("CATCHA DIGITAL" OR "COMPANY")

(I)    PROPOSED ACQUISITION;
(II)   PROPOSED RIGHTS ISSUE; AND
(III)  PROPOSED EXEMPTION

(COLLECTIVELY, THE "PROPOSED REGULARISATION PLAN")

(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the circular to shareholders of the Company in relation to the Proposed Regularisation Plan dated 30 June 2022 (“Circular”)).

 

On behalf of the Board, TA Securities and Malacca Securities wish to announce the following in relation to the information disclosed in the Circular:

 

(a)  it was stated in Section 2.6.5 of Part A of the Circular that Loh Ken Wei (“Ken Wei”) and Brian Alexis A/L Antonisamy (“Brian”), both being shareholders of iCreative, do not hold any Catcha Digital Shares as at the LPD (i.e., 31 May 2022). However, on 20 July 2022 (being the day of the EGM), it was noted by the Company that both Ken Wei and Brian held Catcha Digital Shares based on the Record of Depositors of the Company as at 12 July 2022 as follows:

 

Name of shareholder

Number of Catcha Digital Shares (and percentage)

Ken Wei

56,848 (0.042%)

Brian

250,567 (0.186%)

 

As such, the disclosure in the Circular on the shareholdings of Ken Wei and Brian in the Company as at the LPD was not accurate. The inaccurate disclosure of the shareholdings have, consequently, resulted in the inaccurate disclosure of the proforma public shareholding spread of the Company and will result in the public shareholding spread falling below 25% of the total issued Catcha Digital Shares after the Proposed Rights Issue based on Scenario 1 in Section 2.6.5 of Part A of the Circular;

 

(b)  Ken Wei and Brian, both being PACs and deemed interested in the Proposed Regularisation Plan, shall abstain from voting in respect of their direct and/or indirect shareholdings (if any) on the resolutions pertaining to the Proposed Regularisation Plan at the EGM. Aldpro Corporate Services Sdn Bhd (the scrutineer for the EGM), have confirmed and verified that both Ken Wei and Brian had abstained and did not vote at the EGM;

 

(c)  based on the Record of Depositors of the Company as at 3 August 2022, both Ken Wei and Brian do not hold any Catcha Digital Shares as they had disposed of their respective shares in the Company (“Disposal of Shares”); and

 

(d)  subsequent to the Disposal of Shares, the shareholdings of the PACs in the Company and the public shareholding spread of the Company (both as at the LPD and after the implementation of the Proposed Regularisation Plan), reflect the information as disclosed in Section 2.6.5 of Part A of the Circular.

 

This announcement is dated 17 August 2022.






Announcement Info

Company Name CATCHA DIGITAL BERHAD
Stock Name CATCHA
Date Announced 17 Aug 2022
Category General Announcement for PLC
Reference Number GA1-16082022-00064