News

Reference is made to the Company’s earlier announcements dated 25 March 2024 and 16 April 2024 in relation to the Proposed ESS (“Earlier Announcements”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 24 April 2024, resolved to approve the listing and quotation of such number of KAB Shares, representing 5% of the total number of issued shares of KAB (excluding treasury shares), to be issued pursuant to the Proposed ESS, subject to, amongst others, the following conditions:-

(i) KAB and Malacca Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed ESS;

(ii) Malacca Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation, together with the following:-

(a)     A certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposed ESS; and       

(b)    Letter of compliance in relation to the By-Laws pursuant to Paragraph 2.12 of the Listing Requirements together with a copy of the final By-Laws; and

(iii) KAB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 24 April 2024.