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Annual Report
2018
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Announcements

Date: 28 March 2019

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS


Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description BERTAM ALLIANCE BERHAD ("BERTAM" OR "COMPANY") APPLICATION FOR EXTENSION OF TIME TO SUBMIT REGULARISATION PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PRACTICE NOTE 17 ("PN 17") OF THE MAIN MARKET LISTING REQUIREMENTS ("MAIN LR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Reference is made to the Company's announcement dated 4 April 2018 ("First Announcement"), and the announcements made on 2 May 2018, 1 June 2018, 2 July 2018, 1 August 2018, 3 September 2018, 1 October 2018, 1 November 2018, 3 December 2018, 2 January 2019, 4 February 2019, 27 February 2019, 1 March 2019 and 5 March 2019. The terms herein shall bear the same meaning as defined in the First Announcement.

Premised on the First Announcement, the Company is required to submit a regularisation plan to the relevant authorities by 3 April 2019.

The Board wishes to inform that, vide its letter dated 26 March 2019, Bursa Securities has decided to grant the Company an extension of time for a further six (6) months up to 3 October 2019 to submit the regularisation plan to regularise the financial condition of the Company.

The extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of Bertam and to de-list the Company in the event:

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 3 October 2019;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and
(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Bertam on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.

This announcement is dated 28 March 2019.





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