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.