BURSA ANNOUCEMENTS

Date : 11 February 2021

MULTIPLE PROPOSALS VIVOCOM INTL HOLDINGS BERHAD (VIVOCOM OR THE COMPANY) I. PROPOSED ACQUISITION; II. PROPOSED SUBSCRIPTION; AND III. PROPOSED CONSTITUTION AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
VIVOCOM INTL HOLDINGS BERHAD (VIVOCOM OR THE COMPANY)

I.	PROPOSED ACQUISITION;
II.	PROPOSED SUBSCRIPTION; AND
III.	PROPOSED CONSTITUTION AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

 

We refer to the earlier announcements dated 5 November 2020 and 30 December 2020 in relation to the Proposals.

 

On behalf of the Board of Directors of Vivocom, UOB Kay Hian Securities (M) Sdn Bhd (“UOB Kay Hian”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, via its letter dated 10 February 2021, resolved to approve the listing and quotation of the following:-

  1. 164,250,000 new Vivocom Shares to be issued pursuant to the Proposed Acquisition;
  2. up to 128,250,000 new Vivocom Shares to be issued arising from conversion of the ICPS; and
  3. up to 169,936,172 new Vivocom Shares to be issued arising from the Proposed Subscription.

The approval granted by Bursa Securities for the Proposed Acquisition and Proposed Subscription is subject to the following conditions:-

  1. Vivocom and UOB Kay Hian 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 Acquisition and Proposed Subscription.
  2. Vivocom and UOB Kay Hian to inform Bursa Securities upon the completion of the Proposed Acquisition, Proposed Subscription and Proposed Constitution Amendment.
  3. Vivocom to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition, Proposed Subscription and Proposed Constitution Amendment are completed.
  4. Compliance by Vivocom with the public shareholding spread upon completion of the Proposed Acquisition and Proposed Subscription respectively. In this connection, UOB Kay Hian is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, prior to completion of the Proposed Acquisition and Proposed Subscription respectively.

This announcement is dated 11 February 2021.





Announcement Info

Company Name VIVOCOM INTL HOLDINGS BERHAD
Stock Name VIVOCOM
Date Announced 11 Feb 2021
Category General Announcement for PLC
Reference Number GA1-11022021-00015


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