Additional Listing Announcement /Subdivision of Shares
12/03/2021Additional Listing Announcement /Subdivision of Shares
| KTG BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Conversion of Preference Shares |
| Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares |
| No. of shares issued under this corporate proposal | 15,000,000 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.6000 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 420,435,000 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 220,139,334.580 |
| Listing Date | 15 Mar 2021 |
| Remarks : |
Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant. Pursuant to Section 74(2) of the Companies Act 2016, the latest share capital and number of issued shares of the Company is represented by a total of 420,435,000 ordinary shares and 204,407,800 Irredeemable Convertible Preference Shares ("ICPS") equivalent to RM220,139,334.58.
.
A total of 15,000,000 ordinary shares in the capital of the Company was issued pursuant to the conversion of
15,000,000 ICPS to 15,000,000 ordinary shares by way of conversion of one (1) ICPS together with cash
payment of RM0.54 in exchange of one (1) new ordinary share. |
Announcement Info
| Company Name | KTG BERHAD |
| Stock Name | KTG |
| Date Announced | 12 Mar 2021 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-10032021-00028 |
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