NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES TALIWORKS CORPORATION BERHAD PROPOSED BONUS ISSUE
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
TALIWORKS CORPORATION BERHAD
PROPOSED BONUS ISSUE
TALIWORKS CORPORATION BERHAD ("TALIWORKS" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 967,591,160 NEW ORDINARY SHARES IN TALIWORKS ("TCB SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING TCB SHARES HELD ("PROPOSED BONUS ISSUE")
We refer to the announcements dated 29 August 2018 and 5 September 2018 in relation to the Proposed Bonus Issue. Unless otherwise defined, the terms used herein shall have the same meaning as those defined in the announcements.
We wish to announce that Bursa Securities has, via its letter dated 12 September 2018, approved the listing and quotation of the following:
(i) up to 967,591,160 Bonus Shares to be issued pursuant to the Proposed Bonus Issue;
(ii) up to 161,265,160 additional Warrants to be issued pursuant to adjustment to the number of Warrants arising from the Proposed Bonus Issue; and
(iii) up to 161,265,160 new TCB Shares to be issued arising from the exercise of the additional Warrants.
The approval by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:
(1) Company must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("MMLR") pertaining to the implementation of the Proposed Bonus Issue;
(2) Company to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(3) Company 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 is completed;
(4) Company is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b), and 6.35(4) of the MMLR.
This announcement is dated 12 September 2018.