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MULTIPLE PROPOSALS PTT SYNERGY GROUP BERHAD ("PTT" OR THE "COMPANY") (I) PROPOSED LAND ACQUISITION (II) PROPOSED ESS (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

PTT SYNERGY GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
PTT SYNERGY GROUP BERHAD ("PTT" OR THE "COMPANY")

(I)	PROPOSED LAND ACQUISITION
(II)	PROPOSED ESS
(III)	PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the announcements dated 10 October 2023 and 6 November 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, AmInvestment Bank is pleased to announce that Bursa Securities had vide its letter dated 22 November 2023, resolved to approve the following:

 

  1. Listing and quotation of such number of new ordinary shares, representing up to 15% of the total number of issued shares of PTT, to be issued pursuant to the Proposed ESS; and
  2. Listing and quotation of up to 36,000,000 new PTT Shares to be issued pursuant to the Proposed Private Placement.

 

The approval by Bursa Securities is subject to the following conditions:

 

  1. PTT and Amlnvestment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;
  2. Confirmation by Amlnvestment Bank on the full compliance of the Proposed ESS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders approving the Proposed ESS in a general meeting;
  3. PTT / AmInvestment Bank to furnish Bursa Securities with the certified true copy of the resolutions passed by the shareholders at the EGM approving the Proposed Private Placement;
  4. PTT and Amlnvestment to inform Bursa Securities upon the completion of the Proposed Private Placement;
  5. PTT and Amlnvestment Bank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed; and
  6. PTT is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 23 November 2023.






Announcement Info

Company Name PTT SYNERGY GROUP BERHAD
Stock Name PTT
Date Announced 23 Nov 2023
Category General Announcement for PLC
Reference Number GA1-23112023-00036



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