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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") BONUS ISSUE OF WARRANTS

NETX HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY")

BONUS ISSUE OF WARRANTS
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 11 January 2024 in relation to the Bonus Issue of Warrants, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcement dated 11 January 2024 in relation to the Bonus Issue of Warrants.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 27 March 2024, resolved to approve the following:

(i)       admission to the Official List and listing and quotation of up to 468,976,320 Warrants D to be issued pursuant to the Bonus Issue of Warrants; and

(ii)      listing and quotation of up to 468,976,320 new NetX Shares to be issued arising from the exercise of Warrants D.

The approval granted by Bursa Securities for the Bonus Issue of Warrants is subject to the following conditions:

(i)       NetX and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Bonus Issue of Warrants;

(ii)      NetX and TA Securities to inform Bursa Securities upon the completion of the Bonus Issue of Warrants;

(iii)     NetX to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Bonus Issue of Warrants is completed; and

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


This announcement is dated 29 March 2024.

 






Announcement Info

Company Name NETX HOLDINGS BERHAD
Stock Name NETX
Date Announced 29 Mar 2024
Category General Announcement for PLC
Reference Number GA1-29032024-00092



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