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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME ("PROPOSED SIS")

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME ("PROPOSED SIS")

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in Binasat’s announcements dated 19 October 2018 in relation to the Proposed SIS (“Announcements”).

 

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities has, through its letter dated 23 October 2018, approved the listing and quotation for such number of new ordinary shares, representing up to fifteen percent (15%) of the issued shares of Binasat (excluding treasury shares), to be issued pursuant to the Proposed SIS.

 

The approval granted by Bursa Securities for the Proposed SIS  is subject to the following conditions:-

(i) Kenanga IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SIS pursuant to Rule 6.44(1) of the ACE Market Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolutions passed by the shareholders in general meeting; and

(ii) Binasat is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed SIS, as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 23 October 2018.






Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 23 Oct 2018
Category General Announcement for PLC
Reference Number GA1-23102018-00084




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