General Announcement for PLC
12/07/2022PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
| G NEPTUNE BERHAD |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | G NEPTUNE BERHAD ("GNB" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION;
(II) PROPOSED ACQUISITION;
(III) PROPOSED DEBT SETTLEMENT;
(IV) PROPOSED PRIVATE PLACEMENT; AND
(V) PROPOSED EXEMPTION.
(COLLECTIVELY REFERRED TO AS THE "PROPOSED REGULARISATION PLAN" OR "PROPOSALS") |
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We refer to GNB’s announcements dated 9 July 2021, 8 September 2021, 26 January 2022, 18 May 2022, 23 May 2022 and 8 July 2022 in relation to the Proposed Regularisation Plan (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board of GNB, Kenanga IB wishes to announce that the Securities Commission Malaysia (“SC”) had, via its letter dated 8 July 2022 (which was received on 12 July 2022) approved the resultant equity structure under the Bumiputera equity requirement for public listed companies pursuant to the Proposed Regularisation Plan, subject to the following conditions:
(i) GNB to allocate 12.5% of its enlarged number of issued shares to Bumiputera investors to be approved or recognised by the MITI upon completion of the Proposed Regularisation Plan; and
(ii) GNB or Kenanga IB to inform the SC upon completion of the Proposed Regularisation Plan.
This announcement is dated 12 July 2022. |
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Announcement Info
| Company Name | G NEPTUNE BERHAD |
| Stock Name | GNB |
| Date Announced | 12 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12072022-00061 |