Reference is made to the announcements dated 28 April 2023, 10 May 2023 and 29 May 2023 in relation to the Proposed Capitalisation (“Announcements”). Unless otherwise defined, the definitions for capitalised terms as set out in the Announcements shall apply herein.
On behalf of the Board, AMIB and CIMB are pleased to announce that Bursa Securities had vide its letter dated 31 May 2023, resolved to approve the listing and quotation of 137,677,833 new TCB Shares to be issued pursuant to the Proposed Capitalisation.
The approval by Bursa Securities is subject to the following conditions:
- Confirmation by AMIB and CIMB on the compliance of at least 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities (“Main Market LR”) upon the listing and quotation of the new TCB Shares;
- TCB, AMIB and CIMB must fully comply with the relevant provisions under the Main Market LR pertaining to the implementation of the Proposed Capitalisation;
- AMIB and CIMB to furnish Bursa Securities with the certified true copy of the resolutions passed by the shareholders at extraordinary general meeting approving the Proposed Capitalisation;
- AMIB and CIMB to inform Bursa Securities upon the completion of the Proposed Capitalisation; and
- AMIB and CIMB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Capitalisation is completed.
This announcement is dated 1 June 2023.