EKOVEST-C39

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STRUCTURED WARRANTS ANNOUNCEMENT : FURTHER OFFERING

EKOVEST-C39: CW EKOVEST BERHAD (KIBB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FURTHER OFFERING
Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

PROPOSED FURTHER ISSUE OF UP TO 35,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF EKOVEST BERHAD ("EKOVEST") ("EKOVEST-C39")

Reference is made to our announcements 22 June 2023 in relation to the offering of 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of EKOVEST (“Existing Issue”).

 

KIBB are pleased to announce the proposed further issue of up to 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of EKOVEST (“Proposed Further Issue”).

 

The purpose of the Proposed Further Issue is to facilitate the market making process of the Existing Issue. The Proposed Further Issue will form part of the Existing Issue and the terms and conditions of the Proposed Further Issue will be identical with the Existing Issue.

 

The tentative listing date for the Proposed Further Issue of EKOVEST-C39 is 6 October 2023.

 

The Proposed Further Issue is subject to all necessary approvals being obtained from Bursa Malaysia Securities Berhad.

 

This announcement is dated 29 September 2023.






Announcement Info

Company Name EKOVEST-C39: CW EKOVEST BERHAD (KIBB)
Stock Name EKOVEST-C39
Date Announced 29 Sep 2023
Category General Announcement for PLC
Reference Number GA1-27092023-00012