General Announcement for PLC
23/08/2022NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MGRC ("PROPOSED PRIVATE PLACEMENT")
MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MGRC ("PROPOSED PRIVATE PLACEMENT") |
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 Private Placement. We refer to the earlier announcements dated 8 July 2022, 19 July 2022 and 18 August 2022 in relation to the Proposed Private Placement. On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 22 August 2022, resolved to approve the listing of and quotation for up to 12,421,048 Placement Shares to be issued pursuant to the Proposed Private Placement, on the ACE Market of Bursa Securities subject to the following:- i. MGRC and UOBKH must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement; ii. MGRC and UOBKH to inform Bursa Securities upon the completion of the Proposed Private Placement; iii. MGRC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed; and iv. MGRC to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act, 2016, in the event the current authority has expired; v. UOBKH to furnish Bursa Securities with details of the placees as per Rule 6.16 of the Listing Requirements for its review, prior to the issuance/ allotment of the Placement Shares. vi. MGRC is required to do quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the following:- a. The status of each of the event, project or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, including but not limited to, the percentages of completion of the projects/ initiatives; b. Where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company/ fund manager, to disclose the name of the asset management company/ fund manager; and c. The summary of Placement Shares issued and allotted as follows:- i. Date of price fixing and date of issuance of Placement Shares (each tranche); ii. Quantity of Placement Shares issued and allotted; iii. Issue price and basis of arriving at the issue price (each tranche); and iv. Aggregate number of Placement Shares issued and allotted as at the end of each quarter.
This announcement is dated 23 August 2022. |
Announcement Info
Company Name | MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD |
Stock Name | MGRC |
Date Announced | 23 Aug 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-23082022-00023 |