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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES UOA DEVELOPMENT BHD ("UOA DEVELOPMENT" OR THE "COMPANY") DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF UOA DEVELOPMENT THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES IN UOA DEVELOPMENT ("DRS")

UOA DEVELOPMENT BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
UOA DEVELOPMENT BHD ("UOA DEVELOPMENT" OR THE "COMPANY")

DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF UOA DEVELOPMENT THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES IN UOA DEVELOPMENT ("DRS")

We refer to the announcement dated 29 May 2024 in relation to the DRS (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

 

On behalf of the Board, Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that Bursa Securities had, vide its letter dated 31 May 2024, resolved to approve the listing and quotation of up to 188,668,000 new ordinary shares in UOA Development to be issued pursuant to the DRS in respect of the Final Dividend on the Main Market of Bursa Securities.

 

Bursa Securities’ approval is subject to the following conditions:

 

(i) UOA Development and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the DRS;

 

(ii) UOA Development and Kenanga IB to inform Bursa Securities upon the completion of the DRS; and

 

(iii) UOA Development to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the DRS is completed.

 

This announcement is dated 4 June 2024.

 






Announcement Info

Company Name UOA DEVELOPMENT BHD
Stock Name UOADEV
Date Announced 04 Jun 2024
Category General Announcement for PLC
Reference Number GA1-04062024-00010



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