SEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 516,818,081 NEW ORDINARY SHARES IN SEGi ("SEGi SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF FIVE (5) BONUS SHARES FOR EVERY SEVEN (7) EXISTING SEGi SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Bonus Issue.
We refer to the announcements made by RHB Investment Bank Berhad (“RHBIB”), on behalf of the Board of Directors of SEGi (“Board”), on 13 April 2017 and 26 April 2017.
On behalf of the Board, RHBIB wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 9 May 2017, resolved to approve the listing of up to 516,818,081 new SEGi Shares to be issued pursuant to the Proposed Bonus Issue.
The approval granted by Bursa Securities is subject to the following conditions:-
(i) SEGi 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;
(ii) SEGi and RHBIB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) SEGi 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 is completed; and
(iv) SEGi and RHBIB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements.
This announcement is dated 9 May 2017.