Dealings In Listed Securities (Chapter 14 Of Listing Requirements) : Dealings During Closed Period
BackJan 30, 2024
| Subject | Dealings During Closed Period |
| Date of announcement made for "Intention to Deal During Closed Period" | 29 Jan 2024 |
| No | Salutation | Name | Designation | Description Of "Others" Designation |
| 1 | DATO' | LAI KENG ONN | Others | Executive Deputy Chairman cum Group Managing Director |
| Type of Transaction | Others | |||
| Description of "Others" Type of Transaction | Entry of TRS | |||
| Date of Transaction | 29 Jan 2024 | |||
| Description of Securities | Total Return Swap ("TRS") in respect of Ordinary shares of the Company | |||
| No of Securities Transacted | 12,500,000 | |||
| % of Securities Transacted | 0.629 | |||
| Consideration | Malaysian Ringgit (MYR) 5,000,000.000 | |||
| Remarks : |
| 1. TRS is a financial derivative product that is linked to the performance of the ordinary shares in the Company. 2. There will be no change in the Director's interests or shareholdings in the Company as a result of the Director entering into the TRS as the terms and conditions of the TRS do not contemplate for any acquisition, disposal or transfer of the ordinary shares in the Company by the Director. The total number of ordinary shares of the Company to be transacted under the TRS is up to 12,500,000 units at the total consideration up to RM5,000,000.00 only. |
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 30 Jan 2024 |
| Category | Dealings in Listed Securities (Chapter 14 of Listing Requirements) |
| Reference Number | DLR-29012024-00069 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.