|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 123,648,501 NEW WARRANTS IN GBGAQRS ("WARRANT(S) B") ON THE BASIS OF ONE (1) WARRANT B FOR EVERY FOUR (4) EXISTING ORDINARY SHARES IN GBGAQRS HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")
We refer to our announcements dated 25 June, 30 July and 20 August 2018 (“Announcements”) together with our circular to the shareholders dated 21 August 2018 (“Circular”) in relation to the Proposed Bonus Issue of Warrants.
All definitions used herein shall have the same meanings as the words and expressions defined in the Announcements and Circular, except where the context otherwise requires or where otherwise defined herein.
The shareholders of GBGAQRS had, at the Company’s Extraordinary General Meeting held on 5 September 2018 approved and authorised the Company to allot and issue up to 123,648,501 Warrants B pursuant to the Proposed Bonus Issue of Warrants.
On behalf of the Board, Kenanga IB wishes to announce that the Company had on 5 September 2018 executed the Deed Poll for the Warrants B to be issued pursuant to the Proposed Bonus Issue of Warrants.
In addition, the Company has resolved to fix the exercise price of the Warrants B at RM1.12 each, representing a discount of RM0.0108 or approximately 0.96% to the 5-day VWAP up to and including 4 September 2018 of RM1.1308.
This announcement is dated 5 September 2018.
|Company Name||GABUNGAN AQRS BERHAD|
|Date Announced||05 Sep 2018|
|Category||General Announcement for PLC|