Announcements


Date: 24 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")

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company's announcement dated 11 August 2017 in relation to the Proposals.)

 

We refer to the Company's earlier announcements in relation to the Proposals dated 11 August 2017 and 21 August 2017.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 24 August 2017, approved the following:-

(i)         admission to the Official List and the initial listing and quotation of up to 1,163,208,800 ICPS and up to 116,320,880 Warrants B to be issued pursuant to the Proposed Rights Issue of ICPS with Warrants;

(ii)         listing of up to 1,163,208,800 new Shares to be issued pursuant to the conversion of the ICPS; and

(iii)        listing of up to 116,320,880 new Shares to be issued pursuant to the exercise of the Warrants B.

The approval by Bursa Securities for the above is subject to, amongst others, the following conditions:-

(i)         ABT and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue of ICPS with Warrants;

(ii)         ABT and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue of ICPS with Warrants; and

(iii)        ABT to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue of ICPS with Warrants is completed.

This announcement is dated 24 August 2017.




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