NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") I. PROPOSED TERMINATION OF THE EXISTING EMPLOYEES' SHARE OPTION SCHEME OF DNeX ("ESOS") ("PROPOSED TERMINATION OF EXISTING ESOS"); AND II. PROPOSED ESTABLISHMENT OF A NEW ESOS OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED SHARES OF DNeX (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE NEW ESOS ("PROPOSED NEW ESOS") (COLLECTIVELY, THE "PROPOSALS")

DAGANG NEXCHANGE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description 
DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY")

I.	PROPOSED TERMINATION OF THE EXISTING EMPLOYEES' SHARE OPTION SCHEME OF DNeX ("ESOS") ("PROPOSED TERMINATION OF EXISTING ESOS"); AND

II.	PROPOSED ESTABLISHMENT OF A NEW ESOS OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED SHARES OF DNeX (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE NEW ESOS ("PROPOSED NEW ESOS")

(COLLECTIVELY, THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 8 February 2021 and 19 February 2021 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 25 February 2021, resolved to approve the listing of such number of new ordinary shares, representing up to 5% of the total number of issued shares of DNex (excluding treasury shares), to be issued pursuant to the Proposed New ESOS subject to the following:-

i. UOBKH is required to submit a confirmation to Bursa Securities of full compliance of the Proposed New ESOS pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and

ii. DNeX is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed New ESOS, as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 25 February 2021.



Announcement Info

Company Name DAGANG NEXCHANGE BERHAD
Stock Name DNEX
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-25022021-00127