Company announcements: HIGH5

HIGH5 - PRACTICE NOTE 17 / GUIDANCE NOTE 3:SUSPENSION AND/OR DELISTING

Announcement Type: General Announcement

Company Name	HIGH-5 CONGLOMERATE BERHAD
Stock Name	HIGH5
Date Announced	20 Oct 2014
Category	General Announcement
Reference No	OS-141020-66826

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 SUSPENSION AND/OR DELISTING
Description	HIGH-5 CONGLOMERATE BERHAD (“HIGH-5” OR “COMPANY”) PROPOSED CAPITAL REDUCTION; PROPOSED CONSOLIDATION; PROPOSED SHARE PREMIUM REDUCTION; PROPOSED DEBT SETTLEMENT; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED ISSUANCE OF SECURITIES PURSUANT TO THE INTERIM FUNDING; PROPOSED ISSUANCE OF SECURITIES PURSUANT TO THE SECOND INTERIM FUNDING; PROPOSED M&A AMENDMENT; PROPOSED LIQUIDATION OF SUBSIDIARY COMPANIES; AND PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE “REVISED PROPOSED REGULARISATION PLAN”)
We refer to the Company's announcement on 5 September 2014 in relation to the submission of the appeal to Bursa Malaysia Securities Berhad (“Bursa Securities”) on its decision to reject HIGH-5’s proposed regularisation plan. On behalf of the Board of Directors of HIGH-5 (“Board”), Inter-Pacific Securites Sdn Bhd (“IPS”) wishes to announce that after due deliberation and having considered all the facts and circumstances of the matter including the Company's written and oral representations, the Listing Committee of Bursa Securities via its letter dated 20 October 2014 has resolved to:- (a) dismiss the Company's appeal against rejection of the Company's proposed regularisation plan; and (b) de-list the securities of HIGH-5 from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements of Bursa Securities. Accordingly, the securities of the Company will be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date of receipt of Bursa Securities' letter on 20 October 2014, i.e. on Friday, 24 October 2014. With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the Company's securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository. Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures. Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. This announcement is dated 20 October 2014.

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