| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | PESTECH INTERNATIONAL BERHAD (“PESTECH” OR “COMPANY”)
DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF PESTECH WITH THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INTO NEW ORDINARY SHARES OF RM0.25 EACH IN PESTECH (“7th DRP”) |
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 28 November 2016 and 1 December 2016 in relation to the 7th DRP (“Announcements“))
We refer to the Announcements in relation to the 7th DRP.
On behalf of the Board of Directors of PESTECH, Alliance Investment Bank Berhad (“Alliance“) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities“) had approved the listing and quotation for up to 15,285,729 new ordinary shares of RM0.25 each in PESTECH to be issued pursuant to the 7th DRP.
The approval is subject to the following conditions:-
(i) PESTECH and Alliance must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the 7th DRP;
(ii) PESTECH and Alliance to inform Bursa Securities upon the completion of the 7th DRP; and
(iii) Alliance to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 7th DRP is completed.
This announcement is dated 5 December 2016.