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MULTIPLE PROPOSALS RESINTECH BERHAD ("RESINTECH" OR THE "COMPANY") I. PROPOSED BONUS ISSUE OF SHARES; AND II. PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

RESINTECH BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
RESINTECH BERHAD ("RESINTECH" OR THE "COMPANY")

I.	PROPOSED BONUS ISSUE OF SHARES; AND

II.	PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 1 April 2022 and 17 May 2022 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 13 June 2022, approved the following:-

i. Listing and quotation of up to 50,308,463 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

ii. Admission to the Official List and listing and quotation of up to 100,616,926 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

iii. Listing and quotation of up to 100,616,926 new Resintech Shares to be issued pursuant to the exercise of the Warrants;

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

i. Resintech and UOBKH must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

ii. Resintech and UOBKH are required to inform Bursa Securities upon the completion of the Proposals;

iii. Resintech and UOBKH are required 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;

iv. Resintech/ UOBKH are required to furnish Bursa Securities with a certified copy of the resolution passed by the shareholders at the forthcoming general meeting for the Proposed Bonus Issue of Shares prior to the listing and quotation of the Bonus Shares;

v. Resintech/ UOBKH are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Main Market Listing Requirements in relation to the Proposed Bonus Issue of Shares; and

vi. Resintech is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the exercise of Warrants under the Proposed Bonus Issue of Warrants as at the end of each quarter.

 

This announcement is dated 14 June 2022.






Announcement Info

Company Name RESINTECH BERHAD
Stock Name RESINTC
Date Announced 14 Jun 2022
Category General Announcement for PLC
Reference Number GA1-14062022-00022




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