General Announcement for PLC
07/10/2020NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES GREATECH TECHNOLOGY BERHAD ("GREATECH TECHNOLOGY" OR "COMPANY") PROPOSED LTIP
GREATECH TECHNOLOGY BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
Description | GREATECH TECHNOLOGY BERHAD ("GREATECH TECHNOLOGY" OR "COMPANY") PROPOSED LTIP |
We refer to the announcements dated 9 September 2020 and 2 October 2020 (“Announcements”).
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements).
On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had vide its letter dated 6 October 2020, resolved to approve the listing of and quotation for such number of new Greatech Technology Shares, representing up to ten percent (10%) of the total number of issued shares of Greatech Technology (excluding treasury shares, if any) to be issued pursuant to the Proposed LTIP, subject to the following conditions:
(i) Affin Hwang IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and
(ii) Greatech Technology is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Greatech Technology Shares listed pursuant to the Proposed LTIP as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 7 October 2020. |
Announcement Info
Company Name | GREATECH TECHNOLOGY BERHAD |
Stock Name | GREATEC |
Date Announced | 07 Oct 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-07102020-00046 |