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MULTIPLE PROPOSALS TA WIN HOLDINGS BERHAD ("TA WIN" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED SIS (COLLECTIVELY THE "PROPOSALS")

TA WIN HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
TA WIN HOLDINGS BERHAD ("TA WIN" OR THE "COMPANY")

(I)	PROPOSED BONUS ISSUE OF WARRANTS; AND
(II)	PROPOSED SIS

(COLLECTIVELY THE "PROPOSALS")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 2 June 2021 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements dated 2 June 2021 and 10 June 2021.

 

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 7 July 2021, approved the following:-

 

(i)         admission to the Official List and the listing and quotation of up to 1,494,735,376 Warrants B to be issued pursuant to the Proposed Bonus Issue of Warrants;

 

(ii)         listing and quotation of up to 1,494,735,376 Shares arising from the exercise of Warrants B; and

 

(iii)        listing and quotation of such number of additional Shares, representing up to 15% of the total number of issued Shares pursuant to the Proposed SIS after the termination of the Existing ESOS.

 

The approval by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to, amongst others, the following conditions:-

 

(i)         Ta Win and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;

 

(ii)         Ta Win and TA Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

 

(iii)        Ta Win and TA Securities 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 of Warrants is completed; and

 

The approval by Bursa Securities for the Proposed SIS is subject to, amongst others, the condition that TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SIS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of the implementation together with the following:-

 

(i)         a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed SIS; and

 

(ii)         letter of compliance in relation to the By-laws pursuant to Paragraph 2.12 of the Listing Requirements together with a copy of the final By-laws.

 

This announcement is dated 7 July 2021.






Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN
Date Announced 07 Jul 2021
Category General Announcement for PLC
Reference Number GA1-07072021-00087




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