Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 25 Feb 2021
Category: General Announcement for PLC
Reference Number: GA1-25022021-00101
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description:
KOBAY TECHNOLOGY BHD (“KOBAY” OR THE “COMPANY”)
I. PROPOSED EXEMPTION; AND
II. PROPOSED BONUS ISSUE OF SHARES
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the Company’s announcements dated 5 January 2021 and 19 February 2021 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board, RHB Investment Bank Berhad (“RHBIB”) wishes to announce that Bursa Securities had, vide its letter dated 25 February 2021, approved the listing of 204,187,202 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares.
The approval granted by Bursa Securities for the above is subject to the following conditions:
(i) Kobay and RHBIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue of Shares;
(ii) Kobay and RHBIB are required to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Shares;
(iii) Kobay and RHBIB are required 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 Shares is completed;
(iv) Kobay is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at a general meeting for the Proposed Bonus Issue of Shares; and
(v) Kobay is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements in relation to the Proposed Bonus Issue of Shares.
This announcement is dated 25 February 2021.