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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS - FAVELLE FAVCO BERHAD ("FFB" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FFB (EXCLUDING TREASURY SHARES) AT ANY ONE TIME DURING THE DURATION OF THE SCHEME FOR THE ELIGIBLE DIRECTORS OF THE COMPANY AND EMPLOYEES OF FFB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED SIS")

Company Name FAVELLE FAVCO BERHAD
Stock Name FAVCO
Date Announced 25 May 2017
Category General Announcement for PLC
Reference Number GA1-25052017-00045

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS FAVELLE FAVCO BERHAD ("FFB" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FFB (EXCLUDING TREASURY SHARES) AT ANY ONE TIME DURING THE DURATION OF THE SCHEME FOR THE ELIGIBLE DIRECTORS OF THE COMPANY AND EMPLOYEES OF FFB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED SIS")

FAVELLE FAVCO BERHAD

 
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
FAVELLE FAVCO BERHAD ("FFB" OR THE "COMPANY")
 
PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME
OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FFB (EXCLUDING TREASURY SHARES) AT ANY ONE TIME DURING THE DURATION OF THE SCHEME FOR THE ELIGIBLE DIRECTORS OF THE COMPANY AND EMPLOYEES OF FFB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED SIS")

We refer to the announcements made on 9 May 2017 and 11 May 2017 in relation to the Proposed SIS (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 24 May 2017, approved the listing of such number of additional new ordinary shares in FFB, representing up to 10% of the total number of issued shares in FFB.

The approval by Bursa Securities for the Proposed SIS is subject to the following conditions:

(i)   TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SIS pursuant to paragraph 6.43(1) of the Main Market Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed SIS;

(ii)  FFB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of options under the Proposed SIS as at the end of each quarter together with a detailed computation of listing fees payable; and

(iii) To incorporate the comments from Bursa Securities in the circular to shareholders.

This announcement is dated 25 May 2017.

 

 

 

 

 

 

    
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