NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS
LION INDUSTRIES CORPORATION BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
Description | LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS |
Reference is made to the Company’s announcements dated 30 September 2022 and 17 October 2022 in relation to the Proposed Bonus Issue of Warrants (“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 wishes to announce that Bursa Securities had vide its letter dated 1 November 2022, resolved to approve the following:
(i) Admission to the Official List and listing and quotation of up to 340,402,032 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
(ii) Listing and quotation of up to 340,402,032 new Shares to be issued pursuant to the exercise of the Warrants.
The approval by Bursa Securities is subject to the following conditions:
1. LICB and AmInvestment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;
2. AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;
3. AmInvestment Bank 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;
4. LICB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants under the Proposed Bonus Issue of Warrants as at the end of each quarter; and
5. To incorporate the comments made by Bursa Securities in the circular provided in its letter dated 1 November 2022.
This announcement is dated 1 November 2022. |
Announcement Info
Company Name | LION INDUSTRIES CORPORATION BERHAD |
Stock Name | LIONIND |
Date Announced | 01 Nov 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-01112022-00058 |