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OTHERS PRG HOLDINGS BERHAD ("PRG" OR "THE COMPANY") TERMINATION OF THE PROPOSED ISSUANCE OF IRREDEEMABLE CUMULATIVE CONVERTIBLE PREFERENCE SHARES BY PRG ASSET SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PRG ASSET") ("PROPOSED ISSUANCE")

PRG HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
PRG HOLDINGS BERHAD ("PRG" OR "THE COMPANY") 
TERMINATION OF THE PROPOSED ISSUANCE OF IRREDEEMABLE CUMULATIVE CONVERTIBLE PREFERENCE SHARES BY PRG ASSET SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PRG ASSET") ("PROPOSED ISSUANCE")
(For consistency purposes, the abbreviations used in this announcement are the same as those defined in the previous announcement on the Proposed Issuance unless otherwise defined herein.)

Reference is made to the Company’s announcement on 17 January 2020 on the Proposed Issuance.

The Board of Directors of the Company wishes to announce that after due consideration, PRG Asset has decided to terminate the Proposed Issuance due to lack of investors participation.

The termination of the Proposed Issuance will not have any effect on the earnings, net asset and gearing of PRG and PRG Asset for the financial year ending 31 December 2020.

This announcement is dated 5 November 2020.





Announcement Info

Company Name PRG HOLDINGS BERHAD
Stock Name PRG
Date Announced 05 Nov 2020
Category General Announcement for PLC
Reference Number GA1-02102020-00009




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