CORPORATE ANNOUNCEMENTS
General Announcement for PLC
Reference No: GA1-17052018-00027
 
Company Name : ECM LIBRA FINANCIAL GROUP BERHAD
Stock Name : ECM
Date Announced : 17/05/2018
Type : Announcement
Subject : DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description : Dealing by Director in Shares of ECM Libra Financial Group Berhad ("ECM" or "Company") During Closed Period
Announcement Details/Table Section :

Pursuant to paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Dato' Seri Kalimullah bin Masheerul Hassan ("Dato' Seri Kalimullah"), a Director of the Company, has given notice of his dealing in the ordinary shares of ECM during the closed period as set out below:

Date Acquired No. of Shares % of Issued Share Capital Price per Share (RM)
16.05.2018 21,689,950 4.855% 0.36

The above dealing is in respect of an allotment and issuance of new ordinary shares in ECM to Dato' Seri Kalimullah consequent to the acquisition by ECM from TP Real Estate Holdings Pte Ltd ("TPRE") of 50% equity interest in TP Sepang Sdn Bhd, TP International Pty Ltd and Yummy Kitchen Sdn Bhd, and 40.005% equity interest in TP Hotel (Flinders) Trust (together with 40.005% of the rights and benefits to the total advances owing by TP Hotel (Flinders) Trust) for which the purchase consideration has been satisfied via the allotment and issuance of 160,205,555 new ordinary shares in ECM ("Consideration Shares") to the shareholders of Tune Hotels.Com Limited ("THCL") who include Dato' Seri Kalimullah, under the plan of arrangement undertaken by THCL with its shareholders pursuant to Section 118 of the Labuan Companies Act. THCL is a shareholder of TPRE. The plan of arrangement involved principally, (i) the reduction in the share capital of THCL through the distribution in specie of the redeemable preference shares of TPRE held by THCL to the shareholders of THCL in proportion to their respective shareholdings in THCL; and (ii) the redemption of such redeemable preference shares by TPRE from the shareholders of THCL using the Consideration Shares in proportion to their respective shareholdings in THCL.

This announcement is dated 17 May 2018.

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