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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS

KOMARKCORP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY")

PROPOSED RIGHTS ISSUE WITH WARRANTS

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 18 August 2021 in relation to the Proposed Rights Issue with Warrants, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 18 August 2021 and 1 November 2021 in relation to the Proposed Rights Issue with Warrants.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 November 2021, approved the listing and quotation of up to 817,817,238 Rights Shares and up to 272,605,746 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants.

The approval by Bursa Securities for the above is subject to, amongst others, the following conditions:

(i) Komarkcorp and TA Securities must fully comply with the relevant provisions under the Listing Requirements at all times pertaining to the implementation of the Proposed Rights Issue with Warrants, including compliance with Paragraph 6.50 of the Listing Requirements;

(ii) Komarkcorp and TA Securities to inform Bursa Securities upon completion of the Proposed Rights Issue with Warrants; and

(iii) Komarkcorp 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 Rights Issue with Warrants is completed.

This announcement is dated 5 November 2021.






Announcement Info

Company Name KOMARKCORP BERHAD
Stock Name KOMARK
Date Announced 05 Nov 2021
Category General Announcement for PLC
Reference Number GA1-05112021-00094




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