Bursa Malaysia's Listing On Track

Bursa Malaysia Berhad has received approval from the Securities Commission (SC) for the proposed Initial Public Offer (IPO) and listing and its shareholders have also approved all the resolutions tabled at the Extraordinary General Meeting (EGM) and Court Convened Meeting (CCM) today. With the approval, Bursa will proceed with its plans for the Initial Public Offer (IPO) and listing.

The resolutions approved by the shareholders at the EGM/CCM are:

EGM

1. Proposed increase in authorised share capital of Bursa Malaysia Berhad from RM500 million comprising I,000,000,000 Bursa shares to RM1 billion comprising 2,000,000,000 Bursa shares;
2. Proposed scheme of arrangement;
3. Proposed Employees Share Option Scheme (“ESOS”);
4. Proposed Public Issue of 166,000,000 Bursa shares in conjunction with the proposed listing;
5. Proposed offer and grant of options to En. Yusli Mohamed Yusoff, the CEO and Executive Director of Bursa Malaysia Berhad;
6. Proposed amendments to the Articles of Association; and
7. Proposed capital reduction and proposed share consolidation.

CCM

1. Proposed scheme of arrangement.

With approval from shareholders and the Securities Commission, Bursa Malaysia is on track to achieve its target to list by first quarter of next year.