Reference is made to the earlier announcement in relation to the Proposed Bonus Issue of Warrants dated 9 October 2020.
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 19 October 2020, approved the following:-
(i) admission to the Official List and listing and quotation of up to 1,336,281,385 Warrants C to be issued pursuant to the Proposed Bonus Issue of Warrants; and
(ii) listing and quotation of up to 1,336,281,385 new Shares to be issued arising from exercise of the Warrants C.
The approval by Bursa Securities for the above is subject to the following conditions:-
(i) XOX and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants;
(ii) XOX and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;
(iii) XOX 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 Warrants is completed; and
(iv) XOX to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the exercise of Warrants C as at the end of each quarter together with a detailed computation of listing fees payable.
As a reminder, here is an excerpt of the proposal.
The Proposed Bonus Issue of Warrants entails the issuance of Warrants C on the basis of 3 Warrants C for every 8 existing Shares held by the Entitled Shareholders on the Entitlement Date.
The actual number of Warrants C to be issued will depend on the number of Shares in issue on the Entitlement Date. As at 5 October 2020, being the latest practicable date (“LPD”) prior to the date of this announcement, the Company has an issued share capital comprising 3,068,831,575 Shares.
Minimum Scenario Based on the total number of 3,068,831,575 issued Shares as at the LPD and assuming:- (i) none of the 120,750,800 outstanding options granted under the Company’s existing share issuance scheme (“SIS”) (“SIS Options”) which have been granted as at the LPD are exercised into new Shares prior to the Entitlement Date; (ii) none of the 55,507,972 SIS Options which may be granted pursuant to the maximum allowable amount under the SIS as at the LPD are exercised into new Shares prior to the Entitlement Date; (iii) none of the 231,912,876 outstanding XOX warrants 2020/2023 (“Warrants B”) as at the LPD are exercised into new Shares prior to the Entitlement Date; and (iv) none of the 86,413,806 outstanding irredeemable convertible preference shares (“ICPS”) as at the LPD are converted into new Shares prior to the Entitlement Date, the Proposed Bonus Issue of Warrants would entail the issuance of 1,150,811,840 Warrants C
no more hope. wait for another 5 years. Can ask any expert or stock guru out there including the shark FM... ALL said this counter is PAST and HSTORY as a goreng counter.
@8899 you need a lot more learning and analysis. just observed the top 3 Telecommunications counter, do they making a new high? no, they are making a 10 year low.
@8899 is losing his mind, last few months promote kaw asking everyone to subscribe XOX line to make XOX big, now talk bad about XOX. Go and get some medicine my friend.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hxgn
478 posts
Posted by hxgn > 2020-10-19 19:40 | Report Abuse
Printing money again..