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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SCOPE INDUSTRIES BERHAD ("SCOPE" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS

SCOPE INDUSTRIES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
SCOPE INDUSTRIES BERHAD ("SCOPE" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF WARRANTS

This announcement is dated 18 October 2021.

 

Reference is made to the Company’s earlier announcements dated 7 September 2021 and 24 September 2021 in relation to the Proposed Bonus Issue of Warrants ("Earlier Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

 

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 18 October 2021, granted its approval for the following:-

 

(i)      Admission to the Official List and listing and quotation of up to 346,101,887 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

 

(ii)      Listing and quotation of up to 346,101,887 new Scope Shares to be issued arising from the exercise of the Warrants,

 

subject to the following conditions:-

 

(i)      Scope and Malacca Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Bonus Issue of Warrants;

 

(ii)     Scope and Malacca Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

 

(iii)     Scope 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

 

(iv)    Scope to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

 






Announcement Info

Company Name SCOPE INDUSTRIES BERHAD
Stock Name SCOPE
Date Announced 18 Oct 2021
Category General Announcement for PLC
Reference Number GA1-18102021-00105




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