Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 11 May 2021
Category: General Announcement for PLC
Reference Number: GA1-11052021-00111
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description:
KOBAY TECHNOLOGY BHD (“KOBAY” OR THE “COMPANY”)
I. EXEMPTION; AND
II. BONUS ISSUE OF SHARES
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the Company’s announcements dated 5 January 2021, 19 February 2021, 25 February 2021, 12 April 2021, 20 April 2021 and 23 April 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 wishes to announce that the Company had from 30 April 2021 until 11 May 2021 purchased a total of 2,000,000 Kobay Shares, representing approximately 1.96% of its issued share capital, pursuant to its Share Buy-Back Authority. In addition, the Company had on 11 May 2021 decided to cease buying back its own Shares pursuant to its Share Buy-Back Authority with effect from 12 May 2021. Pursuant thereto, the Exemption will expire with effect from 12 May 2021 in accordance with Paragraph 4.15(3)(c) of the Rules.
This announcement is dated 11 May 2021.