General Announcement for PLC

05/05/2022

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SAMAIDEN GROUP BERHAD ("SAMAIDEN" OR "COMPANY") PROPOSED BONUS ISSUE OF UP TO 224,000,000 NEW ORDINARY SHARES OF SAMAIDEN ("SAMAIDEN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING SAMAIDEN SHARES HELD ON THE ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")

SAMAIDEN GROUP BERHAD

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

PROPOSED BONUS ISSUE OF UP TO 224,000,000 NEW ORDINARY SHARES OF SAMAIDEN ("SAMAIDEN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING SAMAIDEN SHARES HELD ON THE ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")

(Unless otherwise defined, defined terms used in this announcement shall carry the same meaning as those defined in the announcements dated 5 April 2022 and 15 April 2022 in relation to the Proposed Bonus Issue (“Announcements”))

We refer to the Announcements in relation to the Proposed Bonus Issue.

On behalf of the Board of Directors of Samaiden, Alliance Islamic Bank Berhad ("AIS") wishes to announce that Bursa Securities has resolved to approve the listing and quotation of the following:

(i) up to 224,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue;

(ii) up to 69,997,333 additional Warrants A pursuant to adjustments arising from the Proposed Bonus Issue; and

(iii) up to 69,997,333 new ordinary shares arising from the exercise of the additional Warrants A.

The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:

 

1. Samaiden and AIS must fully comply with the relevant provisions under the ACE Market Listing Requirements ("ACE LR") pertaining to the implementation of the Proposed Bonus Issue.

2. Samaiden and AIS to inform Bursa Securities upon the completion of the Proposed Bonus Issue.

3. Samaiden to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed.

4. The Bonus Shares arising from the Promoters' shareholdings which are currently under moratorium shall also be subject to a similar moratorium.

5. Samaiden and AIS are required to make the relevant announcements pursuant to Rule 6.36 (2) (a) & (b) and 6.36(4) of the ACE LR.

6. Samaiden is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders approving the Proposed Bonus Issue prior to the quotation of the Bonus Shares.

This announcement is dated 5 May 2022.



Announcement Info

Company Name SAMAIDEN GROUP BERHAD
Stock Name SAMAIDEN
Date Announced 05 May 2022
Category General Announcement for PLC
Reference Number GA1-05052022-00062


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