NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") (FORMERLY KNOWN AS INSTACOM GROUP BERHAD) PROPOSED BONUS ISSUE OF UP TO 870,311,821 NEW ORDINARY SHARES OF RM0.10 EACH IN VIVOCOM ("VIVOCOM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING VIVOCOM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
| VIVOCOM INTL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") (FORMERLY KNOWN AS INSTACOM GROUP BERHAD)
PROPOSED BONUS ISSUE OF UP TO 870,311,821 NEW ORDINARY SHARES OF RM0.10 EACH IN VIVOCOM ("VIVOCOM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING VIVOCOM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE") |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Bonus Issue. We refer to our earlier announcements dated 12 July 2016 and 14 July 2016. On behalf of the Board of Directors of Vivocom, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 21 July 2016 (which was received on 22 July 2016), resolved to approve the listing and quotation of the following:- i. Up to 870,311,821 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; ii. Up to 125,232,743 additional Warrants B to be issued pursuant to the adjustment arising from the Proposed Bonus Issue; iii. Up to 50,085,629 additional Warrants C to be issued pursuant to the adjustment arising from the Proposed Bonus Issue; iv. Up to 48,173,353 additional Warrants D to be issued pursuant to the adjustment arising from the Proposed Bonus Issue; v. Up to 125,232,743 new ordinary shares arising from the exercise of the additional Warrants B; vi. Up to 50,085,629 new ordinary shares arising from the exercise of the additional Warrants C; vii. Up to 48,173,353 new ordinary shares arising from the exercise of the additional Warrants D.
The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:- i. Vivocom and RHBIB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Bonus Issue; ii. Vivocom and RHBIB to inform Bursa Securities upon completion of the Proposed Bonus Issue; iii. Vivocom 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; and iv. Vivocom and RHBIB are required to make the relevant announcements pursuant to Rules 6.36(2)(a)&(b) and 6.36(4) of the Listing Requirements.
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Announcement Info
| Company Name | VIVOCOM INTL HOLDINGS BERHAD |
| Stock Name | VIVOCOM |
| Date Announced | 22 Jul 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072016-00034 |