BURSA ANNOUCEMENTS

Date : 20 April 2021

MULTIPLE PROPOSALS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED BONUS ISSUE OF WARRANTS (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 PRIVATE PLACEMENT; AND
II. PROPOSED BONUS ISSUE OF WARRANTS

(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 3 March 2021, 30 March 2021 and 14 April 2021 in relation to the Proposals.

On behalf of the Board, 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 20 April 2021, resolved to approve the following:-

(i) Listing and quotation of up to 101,392,734 Placement Shares to be issued pursuant to the Proposed Private Placement;

(ii) Admission to the Official List and listing and quotation of up to 371,773,359 Warrants F to be issued pursuant to the Proposed Bonus Issue of Warrants; and

(iii) Listing and quotation of up to 371,773,359 new Vivocom Shares to be issued arising from the exercise of Warrants F.

The approval granted by Bursa Securities for the Proposed Private Placement and Proposed Bonus Issue of Warrants 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 Private Placement and the Proposed Bonus Issue of Warrants.

(2) Vivocom and UOB Kay Hian to inform Bursa Securities upon the completion of the Proposed Private Placement and the Proposed Bonus Issue of Warrants.

(3) Vivocom to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securitiesí approval once the Proposed Private Placement and the Proposed Bonus Issue of Warrants are completed.

(4) Vivocom to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants F as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 20 April 2021.






Announcement Info

Company Name VIVOCOM INTL HOLDINGS BERHAD
Stock Name VIVOCOM
Date Announced 20 Apr 2021
Category General Announcement for PLC
Reference Number GA1-20042021-00136


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