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New Issue Of Securities (Chapter 6 Of Listing Requirements) : Bonus Issues

BackMay 09, 2017
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description

QL RESOURCES BERHAD ("QL" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 374,408,829 NEW ORDINARY SHARES IN QL ("BONUS SHARE(S)") ON THE BASIS OF THREE (3) BONUS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES HELD IN QL ("QL SHARE(S)" OR "SHARE(S)") ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

We refer to the announcements dated 28 February 2017 and 27 April 2017 in relation to the Proposed Bonus Issue. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 9 May 2017, resolved to approve the listing of and quotation for 374,408,829 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-

  1. 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 Proposed Bonus Issue;
  2. QL and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
  3. QL 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
  4. QL and RHB Investment Bank are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements.

 

This announcement is dated 9 May 2017.





Announcement Info

Company Name QL RESOURCES BERHAD
Stock Name QL
Date Announced 09 May 2017
Category General Announcement for PLC
Reference Number GA1-09052017-00088