General Announcement for PLC

06/01/2022

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PROPOSED PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PROPOSED PLACEMENT")

MANAGEPAY SYSTEMS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PROPOSED PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PROPOSED PLACEMENT")

We refer to the Company’s announcements made on 29 October 2021 and 12 November 2021 in relation to the Proposed Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement shall carry the same meaning as those previously defined in the Announcements unless otherwise defined herein.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, via its letter dated 6 January 2022, approved the listing of and quotation for up to 294,529,200 Placement Shares to be issued pursuant to the Proposed Placement subject to the following conditions:

 

(i) MPay and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Placement;

 

(ii) MPay and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Placement; and

 

(iii) MPay to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed.

 

This announcement is dated 6 January 2022.






Announcement Info

Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 06 Jan 2022
Category General Announcement for PLC
Reference Number GA1-06012022-00079


Related Announcements for MPAY
Date Title
29/08/2022 PROVISION OF FINANCIAL ASSISTANCE
20/07/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PROPOSED PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PLACEMENT")
04/07/2022 PROVISION OF FINANCIAL ASSISTANCE
20/06/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PLACEMENT")
30/05/2022 PROVISION OF FINANCIAL ASSISTANCE
20/05/2022 OTHERS MANAGEPAY SYSTEMS BERHAD ("the Company") - Receipt of Letter of Consent from Bank Negara Malaysia ("BNM") by ManagePay Services Sdn. Bhd., a wholly-owned subsidiary of the Company ("MPSB" or "MPay") in relation to the cross-selling of Financial Services offered by QuicKash Malaysia Sdn. Bhd.("QuicKash") on MPay's e-Money Platform
20/05/2022 OTHERS MANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company") - Receipt of Letter of Approval ("LOA") from Bank Negara Malaysia ("BNM") by ManagePay Services Sdn. Bhd., a wholly-owned subsidiary of the Company ("MPSB") in relation to the application for approval to commence cross-border remittance business
17/05/2022 OTHERS MANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company") - Offer and Grant of Options under the Employees' Share Option Scheme ("ESOS")
10/05/2022 OTHERS Press Release: ManagePay Systems Berhad Congratulates All Recipients Awarded with Digital Bank Licenses from Bank Negara Malaysia
05/05/2022 OTHERS MANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company") - Application of Digital Bank Licence