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MULTIPLE PROPOSALS XL HOLDINGS BERHAD (FORMERLY KNOWN AS XIAN LENG HOLDINGS BERHAD) ("XL" OR "COMPANY") (I) PROPOSED NOTES ISSUE; AND (II) PROPOSED DIVERSIFICATION. (COLLECTIVELY REFERRED TO AS "PROPOSALS")

XL HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
XL HOLDINGS BERHAD (FORMERLY KNOWN AS XIAN LENG HOLDINGS BERHAD) ("XL" OR "COMPANY")

(I)	PROPOSED NOTES ISSUE; AND 
(II)	PROPOSED DIVERSIFICATION.

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcements made on 1 July 2021 and 8 July 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, vide its letter dated 23 July 2021, approved the listing of up to 191,000,000 new XL Shares to be issued pursuant to the conversion of the Notes.

 

The approval granted by Bursa Securities for the Proposed Notes Issue is subject to the following conditions:

 

(i) XL and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposals;

 

(ii) XL is required to furnish Bursa Securities with certified true copy of the resolutions passed by the shareholders at the extraordinary general meeting approving the Proposals;

 

(iii) XL and Kenanga IB to inform Bursa Securities upon the completion of the Proposals;

 

(iv) XL to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and

 

(v) Payment of additional listing fees pertaining to the conversion of Notes, if relevant. In this respect, XL to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the Notes as at the end of each quarter together with a detailed computation of listing fees payable.

 

 

This announcement is dated 23 July 2021.






Announcement Info

Company Name XL HOLDINGS BERHAD
Stock Name XL
Date Announced 23 Jul 2021
Category General Announcement for PLC
Reference Number GA1-23072021-00134




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