News
New Issue Of Securities (Chapter 6 Of Listing Requirements) : ESOS
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | SMART ASIA CHEMICAL BHD ("SAC" OR THE "COMPANY") (I) PROPOSED SIS; AND (II) PROPOSED ALLOCATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
Reference is made to the announcements dated 16 March 2026 and 17 March 2026 in relation to the Proposals ("Announcements"). Unless otherwise defined, the defined terms used in this announcement shall carry the same meanings as defined in the previous Announcements.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 26 March 2026, approved the listing and quotation of such number of additional new ordinary Shares, representing up to 10% of the total number of issued Shares of SAC (excluding treasury shares, if any) to be issued pursuant to the exercise of options under the SIS.
The approval granted by Bursa Securities on the Proposed SIS are subject to the following conditions:
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SAC and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed SIS;
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TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed SIS pursuant to Rule 6.44(1) of the 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;
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SAC is required to furnish Bursa Securities on a quarterly basis a summary of the total number of new Shares listed pursuant to the Proposed SIS, as at the end of each quarter together with a detailed computation of the listing fees payable; and
- The moratorium conditions pursuant to Rule 3.19 of the Listing Requirements shall be complied with at all times during the SIS.
This announcement is dated 27 March 2026.
Announcement Info
| Company Name | SMART ASIA CHEMICAL BHD |
| Stock Name | SMART |
| Date Announced | 27 Mar 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26032026-00081 |