BINACOM

0.255

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 58,244,300 NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARE(S)" OR '"SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 58,244,300 NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARE(S)" OR '"SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")
We refer to the announcements dated 21 November 2023, 27 November 2023 and 30 January 2024 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 31 January 2024, approved the listing and quotation of up to 58,244,300 Placement Shares to be issued pursuant to the Private Placement subject to the following conditions:

(i) Binasat and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Private Placement; 

(ii) Binasat and TA Securities to inform Bursa Securities upon the completion of the Private Placement; 

(iii) Binasat to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and 

(iv) Binasat to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders of the Company pursuant to Sections 75 and 76 of the Companies Act 2016, in the event the current general mandate expires prior to the completion of the Private Placement.

This announcement is dated 2 February 2024.
 
 
 





Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 02 Feb 2024
Category General Announcement for PLC
Reference Number GA1-02022024-00016