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New Issue Of Securities (Chapter 6 of Listing Requirements): Combination Of New Issue Of Securities

BackNov 07, 2013
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description QL RESOURCES BERHAD ("QL" OR THE "COMPANY")

(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE; AND
(III) PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

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

We refer to the previous announcements made in relation to the Proposals.

On behalf of the Board of Directors of QL, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 6 November 2013, approved the following:

(i)             Listing of and quotation of 249,605,886 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and

(ii)            Listing of and quotation of 166,403,924 Rights Shares to be issued pursuant to the Proposed Rights Issue;

subject to the following conditions:-

(i)             QL and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”)  pertaining to the implementation of the Proposals;

(ii)            QL and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposals;

(iii)           QL to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and

(iv)          QL and RHB Investment Bank are required to make relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements for the Proposed Bonus Issue.

This announcement is dated 7 November 2013.

 


Announcement Info

Company Name QL RESOURCES BERHAD  
Stock Name QL    
Date Announced 7 Nov 2013  
Category General Announcement
Reference No MI-131107-42385