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BURSA ANNOUNCEMENTS

Date : 26 August 2015

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES TALIWORKS CORPORATION BERHAD (TCB OR THE COMPANY) I. PROPOSED SHARE SPLIT II. PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION; AND III. PROPOSED ISSUE OF UP TO 241,929,369 FREE WARRANTS

TALIWORKS CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description 
TALIWORKS CORPORATION BERHAD (TCB OR THE COMPANY)

I.	PROPOSED SHARE SPLIT
II.	PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION; AND
III.	PROPOSED ISSUE OF UP TO 241,929,369 FREE WARRANTS

We refer to the announcement dated 7 August 2015 in relation to the Proposals (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

On behalf of the Board of TCB, CIMB wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 26 August 2015, resolved to approve the Proposed Share Split and Proposed Free Warrants Issue, and listing and quotation of securities to be issued pursuant to the Proposed Share Split and Proposed Free Warrants Issue as follows:-

  1. Admission to the Official List and initial listing of up to 241,929,369 Warrants to be issued pursuant to the Proposed Free Warrants Issue; and
  2. Additional listing of up to 241,929,369 new ordinary shares of RM0.20 each in TCB arising from exercise of the Warrants.

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

  1. TCB and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Free Warrants Issue;
  2. TCB and CIMB to inform Bursa Securities upon the completion of the Proposed Free Warrants Issue;
  3. TCB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Free Warrants Issue is completed; and
  4. TCB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

TCB is required to ensure full compliance with all the requirements pertaining to the Proposed Share Split and Proposed Free Warrants Issue respectively as provided under the Listing Requirements at all times.

This announcement is dated 26 August 2015.



Announcement Info

Company Name TALIWORKS CORPORATION BERHAD
Stock Name TALIWRK
Date Announced 26 Aug 2015
Category General Announcement for PLC
Reference Number GA1-26082015-00067



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