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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN THB ("PROPOSED PRIVATE PLACEMENT")

TRANSOCEAN HOLDINGS BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY") 

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN THB ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of THB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.


The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 (“Act”) which was obtained from the shareholders of THB at its 42nd Annual General Meeting (“AGM”) held on 5 August 2020 (“General Mandate”). The General Mandate authorises the Board to allot and issue new shares in THB not exceeding 10% of the total number of issued shares in THB, which shall remain in force until THB’s next AGM (unless revoked or varied by the Company at a general meeting prior to the next AGM) or expiry of the period within which the next AGM of the Company is required to be held, whichever is earlier.

 

Further details of the Proposed Private Placement are set out in the ensuing sections.

 

This announcement is dated 15 April 2021.

 




Please refer attachment below.



Announcement Info

Company Name TRANSOCEAN HOLDINGS BHD
Stock Name TOCEAN
Date Announced 15 Apr 2021
Category General Announcement for PLC
Reference Number GA1-15042021-00129




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