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MULTIPLE PROPOSALS PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED VARIATION; AND (V) PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

PDZ HOLDINGS BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY")

(I)	PROPOSED DIVERSIFICATION;
(II)	PROPOSED SHARE CONSOLIDATION; 
(III)	PROPOSED RIGHTS ISSUE WITH WARRANTS;
(IV)	PROPOSED VARIATION; AND
(V)	PROPOSED ESOS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 23 March 2021 and 28 May 2021 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Proposals dated 23 March 2021 and 28 May 2021.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 21 June 2021, approved the following:-

 

(i)         Proposed Share Consolidation;

 

(ii)         listing and quotation of up to 797,749,896 new Shares to be issued pursuant to the Proposed Rights Issue with Warrants;

 

(iii)        admission to the Official List and listing and quotation of up to 265,916,632 Warrants C to be issued pursuant to the Proposed Rights Issue with Warrants;

 

(iv)        listing and quotation of up to 115,913,318 Additional Warrants B to be issued pursuant to the adjustment arising from the Proposed Share Consolidation and Proposed Rights Issue with Warrants;

 

(v)        listing and quotation of up to 265,916,632 new Shares to be issued arising from the exercise of Warrants C;

 

(vi)        listing and quotation of up to 115,913,318 new Shares to be issued arising from the exercise of Additional Warrants B; and

 

(vii)       listing of such number of additional new Shares, representing up to 15% of the total number of issued Shares (excluding treasury shares), to be issued pursuant to the Proposed ESOS.

 

The approval by Bursa Securities for the above is subject to the following conditions:-

 

(i)         PDZ and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Share Consolidation, Proposed Rights Issue with Warrants and Proposed ESOS;

 

(ii)         PDZ / Mercury Securities is required to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders in general meeting approving the Proposals;

 

(iii)        PDZ and Mercury are required to make the relevant announcements pursuant to paragraphs 6.56(2)(ii) and (iii) and 13.20(2) of the Listing Requirements pertaining to the Proposed Share Consolidation;

 

(iv)        Mercury Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation;

 

(v)        PDZ is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of options under the Proposed ESOS and exercise of Warrants C and Additional Warrants B as at the end of each quarter together with a detailed computation of listing fees payable;

 

(vi)        PDZ and Mercury Securities are required to inform Bursa Securities upon the completion of the Proposed Share Consolidation, Proposed Rights Issue with Warrants and Proposed ESOS;

 

(vii)       PDZ and Mercury Securities are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Consolidation, Proposed Rights Issue with Warrants and Proposed ESOS are completed; and

 

(viii)      PDZ and Mercury Securities are required to provide a written confirmation that the terms of the Warrants C are in compliance with paragraph 6.54(3) of the Listing Requirements.

 

 

This announcement is dated 22 June 2021.






Announcement Info

Company Name PDZ HOLDINGS BHD
Stock Name PDZ
Date Announced 22 Jun 2021
Category General Announcement for PLC
Reference Number GA1-22062021-00099




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