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MULTIPLE PROPOSALS HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

HLT GLOBAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")

(I)	PROPOSED BONUS ISSUE OF SHARES; AND

(II)	PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the Company’s announcement dated 25 September 2017 and its previous announcements in relation to the Proposals.

On behalf of the Board of Directors of HLT, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 24 October 2017, resolved to approve the following:-

(i)            listing of and quotation for up to 132,960,500 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

(ii)           admission to the Official List and listing of and quotation for up to 199,440,750 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

(iii)          listing of and quotation for up to 199,440,750 new HLT Shares to be issued arising from the exercise of the Warrants.

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

i) HLT and KAF IB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants;

ii) HLT and KAF IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants;

iii) HLT to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants are completed;

iv) HLT and KAF IB are required to make relevant announcements pursuant to Paragraph 6.36(2)(a) and (b) and 6.36(4) of the Listing Requirements; and

v) HLT to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of the listing fees payable.

HLT is also required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

 

This announcement is dated 24 October 2017.






Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 24 Oct 2017
Category General Announcement for PLC
Reference Number GA1-24102017-00122




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