MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 635,910,916 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING EAH SHARE HELD, TOGETHER WITH UP TO 317,955,458 FREE DETACHABLE WARRANTS IN EAH ("WARRANT(S) C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES TO RM250,000,000 COMPRISING 2,500,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| EA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 635,910,916 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING EAH SHARE HELD, TOGETHER WITH UP TO 317,955,458 FREE DETACHABLE WARRANTS IN EAH ("WARRANT(S) C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES TO RM250,000,000 COMPRISING 2,500,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals. We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of EAH ("Board"), on 17 March 2014 and 21 March 2014. On behalf of the Board, RHBIB wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 26 March 2014 (which was received on 27 March 2014), resolved to approve the following:- i. Admission to the Official List and listing and quotation of up to 317,955,458 Warrants C to be issued pursuant to the Proposed Rights Issue with Warrants; ii. Listing of up to 635,910,916 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; iii. Listing of up to 34,842,661 additional Warrants 2010/ 2015 ("Warrants A") to be issued arising from the adjustment pursuant to the Proposed Rights Issue with Warrants; iv. Listing of up to 28,318,633 additional Warrants 2014/ 2019 ("Warrants B") to be issued arising from the adjustment pursuant to the Proposed Rights Issue with Warrants; v. Listing of up to 317,955,458 new EAH shares arising from the exercise of the Warrants C; vi. Listing of up to 34,842,661 new EAH shares arising from the exercise of the additional Warrants A; and vii. Listing of up to 28,318,633 new EAH shares arising from the exercise of the additional Warrants B, on the ACE Market of Bursa Securities. The approval by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:- ii. EAH and RHB to inform Bursa Securities upon completion of the Proposed Rights Issue with Warrants; iii. EAH 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 with Warrants is completed; and iv. EAH to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants C as at the end of each quarter together with a detailed computation of listing fees payable. This announcement is dated 27 March 2014. | |
Announcement Info
| Company Name | EA HOLDINGS BERHAD (ACE Market) |
| Stock Name | EAH |
| Date Announced | 27 Mar 2014 |
| Category | General Announcement |
| Reference No | MI-140327-64203 |