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MULTIPLE PROPOSALS SAPURA RESOURCES BERHAD ("SRB" OR THE "COMPANY") (I) PROPOSED SETTLEMENT; AND (II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS")

SAPURA RESOURCES BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SAPURA RESOURCES BERHAD ("SRB" OR THE "COMPANY")

(I)	PROPOSED SETTLEMENT; AND

(II)	PROPOSED RIGHTS ISSUE

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcements dated 27 November 2023, 23 January 2024, 26 January 2024, and 26 March 2024 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, via its letter dated 29 April 2024, resolved to approve the following:

 

(i) listing and quotation of up to 428,315,271 new SRB Shares to be issued pursuant to the conversion of the RCSLS; and

 

(ii) listing and quotation of up to 139,600,000 Rights Shares to be issued pursuant to the Proposed Rights Issue.

 

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

 

(i) SRB and Kenanga IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

 

(ii) SRB must comply with the public security holding spread requirements pursuant to paragraph 8.02(1) of the Listing Requirements upon listing and quotation of the new shares;

 

(iii) SRB and Kenanga IB are required to inform Bursa Securities upon completion of the Proposals;

 

(iv) SRB and Kenanga IB are required 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;

 

(v) Kenanga IB is required to furnish Bursa Securities with a certified true copy of the resolutions passed by its shareholders at a general meeting approving the Proposals; and

 

(vi) SRB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of RCSLS at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 29 April 2024. 






Announcement Info

Company Name SAPURA RESOURCES BERHAD
Stock Name SAPRES
Date Announced 29 Apr 2024
Category General Announcement for PLC
Reference Number GA1-29042024-00087



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