R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

Company Name

R&A TELECOMMUNICATION GROUP BERHAD

Stock Name

RA

Date Announced

18 Sep 2015

Category

General Announcement for PLC

Reference Number

GA1-18092015-00012

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

Type

Announcement

Subject

PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS

Description

R&A TELECOMMUNICATION GROUP BERHAD ("RA" OR "THE COMPANY")

-APPLICATION FOR AN EXTENSION OF TIME TO APPOINT A SPONSOR

For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 5 May 2015 in relation to GN3, where applicable, unless stated otherwise or defined herein.

We refer to the Company’s First Announcement pursuant to GN3 under the ACE LR of Bursa Securities made on 5 May 2015.

Pursuant to Rule 8.04(3)(a)(ii) of ACE LR of Bursa Securities, the Company is required to appoint a Sponsor within 3 months from 5 May 2015. The Company had on 3 August 2015 announced that the Company had applied to Bursa Securities seeking an extension of time to appoint a Sponsor (“the Application”).

The Company wishes to announce that Bursa Securities, had via a letter dated 17 September 2015, decided to grant the Company an extension of time up to 4 October 2015 to appoint a Sponsor.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of RA and to de-list the Company in the event:

(i) the Company fails to appoint a Sponsor on or before 4 October 2015;

(ii) the Company fails to submit a regularisation plan to Bursa Securities on or before 4 May 2016;

(iii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iv) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, Bursa Securities shall suspend the trading of the listed securities of RA on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 18 September 2015.

GROWTH

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