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

Company Name

R&A TELECOMMUNICATION GROUP BERHAD

Stock Name

RA

Date Announced

26 May 2016

Category

General Announcement for PLC

Reference Number

GA1-26052016-00102

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

Type

Announcement

Subject

PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN

Description

EXTENSION OF TIME TO SUBMIT A REGULARISATION PLAN TO BURSA SECURITIES

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 4 May 2016.)

We refer to the earlier announcement dated 4 May 2016 in relation to the Term Sheet, whereby the Company announced that it will be submitting an application for an extension of time on even date for a period of four (4) months i.e. until 4 September 2016 for the Company to submit a regularisation plan to Bursa Securities and obtain Bursa Securities’ approval to implement the regularisation plan pursuant to Rule 8.04(3) of the ACE Market Listing Requirements (“EOT Application”).

On behalf of the Board of Directors of R&A, Mercury Securities wishes to announce that, following the Company’s EOT Application on 4 May 2016, Bursa Securities had, vide its letter dated 26 May 2016, decided to grant the Company an extension of time up to 4 September 2016 to submit a regularisation plan to the regulatory authorities, subject to R&A entering into a definitive agreement and the Requisite Announcement being made by 29 July 2016.

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

(i) the Company fails to enter into a definitive agreement and make the Requisite Announcement on or before 29 July 2016;

(ii) the Company fails to submit a regularisation plan to the regulatory authorities on or before 4 September 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 R&A 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 26 May 2016.

GROWTH

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