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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES FOCUS POINT HOLDINGS BERHAD ("FOCUS POINT" OR THE "COMPANY") PROPOSED BONUS ISSUE

FOCUS POINT HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
FOCUS POINT HOLDINGS BERHAD ("FOCUS POINT" OR THE "COMPANY")

PROPOSED BONUS ISSUE

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 30 November 2020 in relation to the Proposed Bonus Issue, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcement dated 30 November 2020 in relation to the Proposed Bonus Issue.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 2 December 2020, approved the listing and quotation of up to 109,999,867 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-

 

(i)         Focus Point and Mercury Securities 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;

 

(ii)         Focus Point and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

 

(iii)        Focus Point 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 is completed; and

 

(iv)        Focus Point and Mercury Securities are required to make the relevant announcements pursuant to Rule 6.36(2)(a) & (b) and 6.36(4) of the Listing Requirements.

 

 

This announcement is dated 2 December 2020.






Announcement Info

Company Name FOCUS POINT HOLDINGS BERHAD
Stock Name FOCUSP
Date Announced 02 Dec 2020
Category General Announcement for PLC
Reference Number GA1-02122020-00055




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