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SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 10 EXISTING ORDINARY SHARES IN THE COMPANY (''KOMARKCORP SHARES'' OR ''SHARES'') INTO 18 SHARES (''PROPOSED SHARE SPLIT'')

KOMARKCORP BERHAD

Type Announcement
Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)
Description
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY")

PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 10 EXISTING ORDINARY SHARES IN THE COMPANY (''KOMARKCORP SHARES'' OR ''SHARES'') INTO 18 SHARES (''PROPOSED SHARE SPLIT'')

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 24 December 2020 in relation to the Proposed Share Split.)

 

We refer to the earlier announcement in relation to the Proposed Share Split dated 24 December 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 5 January 2021, approved the following:-

 

(i)         Proposed Share Split;

 

(ii)         listing and quotation of up to 106,904,636 Additional Warrants C; and

 

(iii)        listing and quotation of up to 106,904,636 new Shares arising from the exercise of the Additional Warrants C.

 

The approval by Bursa Securities for the Proposed Share Split is subject to the following conditions:-

 

(i)         Komarkcorp and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Share Split;

 

(ii)         Komarkcorp and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Share Split;

 

(iii)        Mercury Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Split is completed;

 

(iv)        Komarkcorp and Mercury Securities are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements pertaining to the Proposed Share Split;

 

(v)        Komarkcorp to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Share Split prior to the listing and quotation of the Split Shares;

 

(vi)        The Split Shares and Additional Warrants C must be listed simultaneously; and

 

(vii)       To incorporate Bursa Securities’ comments in respect of the draft circular to shareholders.

 

This announcement is dated 6 January 2021.






Announcement Info

Company Name KOMARKCORP BERHAD
Stock Name KOMARK
Date Announced 06 Jan 2021
Category General Announcement for PLC
Reference Number GA1-06012021-00039




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