General Announcement for PLC

30/08/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS, COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

PESTECH INTERNATIONAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description 
PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "COMPANY")

(I) PROPOSED BONUS ISSUE OF SHARES; AND

(II) PROPOSED BONUS ISSUE OF WARRANTS,

COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

On behalf of the Board of Directors of PESTECH, Alliance Investment Bank Berhad (“AIBB”) wishes to announce that the Company proposes to undertake the following:

 

(i) Proposed bonus issue of 191,073,393 new ordinary shares in PESTECH (“PESTECH Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of 2 Bonus Shares for every 8 existing PESTECH Shares held on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and

 

(ii) Proposed bonus issue of up to 95,536,696 warrants (“Warrant(s)”) on the basis of 1 Warrant for every 8 existing PESTECH Shares held on the Entitlement Date (“Proposed Bonus Issue of Warrants”).

 

Further details of the Proposals are set out in the attachment enclosed.

 

This announcement is dated 30 August 2021.


Please refer attachment below.


Announcement Info

Company Name PESTECH INTERNATIONAL BERHAD
Stock Name PESTECH
Date Announced 30 Aug 2021
Category General Announcement for PLC
Reference Number GA1-29082021-00009


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