General Announcement for PLC
06/01/2022NEW 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") |
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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. |
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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 |