Announcements


Date: 11 August 2017

MULTIPLE PROPOSALS ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS; (II) PROPOSED CONSTITUTION AMENDMENTS; AND (III) PROPOSED BYLAWS AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY")

(I) PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS;
(II) PROPOSED CONSTITUTION AMENDMENTS; AND
(III) PROPOSED BYLAWS AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of ABT, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

(i)         proposed renounceable rights issue of up to 1,163,208,800 new irredeemable convertible preference shares in ABT ("ICPS") together with up to 116,320,880 free detachable warrants in ABT ("Warrants B") on the basis of 10 ICPS together with 1 free Warrant B for every 5 existing ordinary shares in ABT ("ABT Shares" or "Shares") held by the entitled shareholders on an entitlement date to be determined ("Proposed Rights Issue of ICPS with Warrants");

(ii)         proposed amendments to the Constitution / Memorandum and Articles of Association of the Company ("Proposed Constitution Amendments"); and

(iii)        proposed amendments to the bylaws governing the existing share issuance scheme of ABT ("Proposed Bylaws Amendments")

(collectively referred to as the "Proposals").

Please refer to the attached document for further details on the Proposals.

This announcement is dated 11 August 2017.



 


ATTACHMENT

- ABT - Proposals (11.8.2017).pdf

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