OTHERS S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY") (I) PROPOSED AMENDMENTS TO CLAUSE 12 OF THE CONSTITUTION OF S P SETIA WHICH SETS OUT THE TERMS OF THE ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i A"); AND (II) PROPOSED AMENDMENTS TO CLAUSE 13 OF THE CONSTITUTION OF S P SETIA WHICH SETS OUT THE TERMS OF THE CLASS B ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i B")

Company Name S P SETIA BERHAD
Stock Name SPSETIA
Date Announced 21 Sep 2022
Category General Announcement for PLC
Reference Number GA1-21092022-00059

Type Announcement
Subject OTHERS
Description
S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY")

(I) PROPOSED AMENDMENTS TO CLAUSE 12 OF THE CONSTITUTION OF S P SETIA WHICH SETS OUT THE TERMS OF THE ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i A"); AND

(II) PROPOSED AMENDMENTS TO CLAUSE 13 OF THE CONSTITUTION OF S P SETIA WHICH SETS OUT THE TERMS OF THE CLASS B ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i B")

On behalf of the Board of Directors of S P Setia, RHB Investment Bank Berhad wishes to announce that S P Setia intends to modify the terms of the RCPS-i A and RCPS-i B, in order to provide clarity to certain terms of the RCPS-i A and RCPS-i B in the event the Company decides to redeem all (but not part) of any class of its preference shares in the future. In this regard, the Company proposes to amend Clauses 12 and 13 of its existing Constitution which set out the terms of the RCPS-i A and RCPS-i B respectively (“Proposed Amendments to RCPS-i A and RCPS-i B”).

 

Further details of the Proposed Amendments to RCPS-i A and RCPS-i B are set out in the attachment below.

 

This Announcement is dated 21 September 2022.




Please refer attachment below.



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