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Reduction Of The Issued Share Capital of RSB Pursuant To Section 117 Of The Companies Act, 2016 ("CAPITAL REDUCTION")

Reference is made to the Company’s announcements dated 30 June 2023, 25 August 2023, 28 August 2023 and 19 September 2023 in relation to the Capital Reduction (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meaning as previously defined in the Announcements.

On behalf of the Board, Maybank IB wishes to announce that RSB has not received any application under Section 118(2) of the Act for the cancellation of the special resolution passed at the EGM held on 19 September 2023 for the Capital Reduction. Pursuant thereto, RSB had lodged the relevant documents as required under Section 119(1) of the Act with the Registrar of Companies, and subsequently on 6 November 2023, received a notice dated 3 November 2023 issued by the Registrar of Companies confirming the reduction of share capital (“Notice”).

Pursuant to Section 119(4) of the Act, the Notice shall be conclusive evidence that all the requirements of the Act with respect to the reduction of share capital have been complied with. Accordingly, the Capital Reduction takes effect on 3 November 2023.

Following the completion of the Capital Reduction, the issued share capital of the Company is RM391,510,496 comprising 2,041,722,343 RSB Shares.

This announcement is dated 6 November 2023.

Announcement Info