We refer to the earlier announcement dated 1 August 2024 in respect to the settlement of debts owing to ADA Capital Investments Limited, the major shareholder of One Glove, amounting to RM45,840,000 via the issuance of 191,000,000 new RCPS in One Glove at the issue price of RM0.24 per RCPS.
The Company wishes to announce that pursuant to the letter dated 31 July 2024 issued by Bursa Malaysia Securities Berhad, the Company is required to comply with the additional condition to provide quarterly updates simultaneously with the submission of quarterly report on the following information relating to the RCPS in One Glove: -
No. of RCPS as of 1 October 2024
|
No. of RCPS converted/ redeemed
|
Date of conversion/ redemption
|
Conversion/ redemption price
|
Number of new ordinary shares issued pursuant to the conversion of RCPS
|
Aggregate number of new ordinary shares issued arising from the conversion of RCPS
|
Number of RCPS remained outstanding as of 31 December 2024
|
174,000,000
|
-
|
-
|
-
|
-
|
-
|
174,000,000
|
This announcement is dated 28 February 2025.