NOVA MSC BERHAD
13 Dec 2019
We refer to the announcements made on 25 November 2019 and 3 December 2019 in relation to the Proposals (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 13 December 2019, resolved to approve the following:
(i) admission to the Official List and the listing and quotation of up to 2,515,106,469 ICPS to be issued pursuant to the following:
(a) 2,095,106,469 Rights ICPS to be issued pursuant to the Proposed Rights Issue; and
(b) 420,000,000 Placement ICPS to be issued pursuant to the Proposed Placement.
(ii) listing and quotation of up to 2,515,106,469 new NOVAMSC Shares to be issued arising from the conversion of the ICPS.
In view of the inter-conditionality of the Proposed Fund Raising, the Rights ICPS and Placement ICPS will be listed simultaneously.
The approval by Bursa Securities is subject to the following conditions:
(i) NOVAMSC and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Fund Raising;
(ii) NOVAMSC and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Fund Raising;
(iii) NOVAMSC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Fund Raising is completed; and
(iv) NOVAMSC to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the conversion of ICPS as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 13 December 2019.
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