TALAMT

0.075

-0.005 (-6.2%)

MULTIPLE PROPOSALS TALAM TRANSFORM BERHAD ("TALAM" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED SHARE CAPITAL REDUCTION; (IV) PROPOSED DISPOSAL; AND (V) PROPOSED ESOS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

TALAM TRANSFORM BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
TALAM TRANSFORM BERHAD ("TALAM" OR THE "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION;
(II) PROPOSED PRIVATE PLACEMENT;
(III) PROPOSED SHARE CAPITAL REDUCTION;
(IV) PROPOSED DISPOSAL; AND
(V) PROPOSED ESOS.

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the Company’s announcements dated 5 August 2024, 16 August 2024, 2 September 2024, 4 September 2024, 10 September 2024, 27 September 2024 and 23 October 2024 (“Announcements”) in relation to the Proposals.

On behalf of the Board of Directors of Talam, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 3 December 2024 (“Approval Letter”), has resolved to approve the following:

  1. Proposed Share Consolidation;
  2. Listing and quotation of up to 188,800,000 new ordinary shares to be issued pursuant to the Proposed Private Placement; and
  3. Listing and quotation of such number of new ordinary shares (excluding treasury shares, if any), representing up to 15% of the total number of issued shares of Talam, to be issued pursuant to the Proposed ESOS.

The approval by Bursa Securities is subject to the following conditions:

  1. Talam and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Main Market LR") pertaining to the implementation of the Proposed Share Consolidation, Proposed Private Placement and Proposed ESOS;
  2. M&A Securities is required to make the relevant announcements relating to the Proposed Share Consolidation pursuant to Paragraphs 6.56(2)(ii) and (iii) and Paragraph 13.20(2) of the Main Market LR;
  3. M&A Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Main Market LR and stating the effective date of implementation;
  4. Talam / M&A Securities to furnish Bursa Securities with the certified true copy of the resolutions passed by the shareholders at extraordinary general meeting approving the Proposed Share Consolidation, Proposed Private Placement and Proposed ESOS;
  5. Talam and M&A Securities to inform Bursa Securities upon the completion of the Proposed Share Consolidation and Proposed Private Placement;
  6. Talam and M&A Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Share Consolidation and Proposed Private Placement are completed;
  7. Talam is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable;
  8. Payment of additional listing fee based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable; and
  9. To incorporate comments of Bursa Securities as provided in the attachment in respect of draft circular to shareholders.

This announcement is dated 4 December 2024.

 

 

 


 



Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 04 Dec 2024
Category General Announcement for PLC
Reference Number GA1-04122024-00031


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