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Date: 01 June 2017

MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION; AND II. PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")

I. PROPOSED CAPITAL REDUCTION; AND

II. PROPOSED RIGHTS ISSUE WITH WARRANTS

(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 25 January 2017, 20 March 2017 and 21 March 2017.

On behalf of the Board, RHBIB wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has resolved to approve the following:-

(a)     Admission to the Official List and the initial listing and quotation of up to 1,262,177,200 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants.

(b)     Listing of:-

         (i)     Up to 2,524,354,400 new EAH Shares to be issued pursuant to the Proposed Rights Issue with Warrants;

         (ii)     Up to 130,332,318 additional Warrants B arising from the adjustments in accordance with provisions of the deed poll for Warrants B, pursuant to the Proposed Rights Issue with Warrants ("Additional Warrant(s) B");

         (iii)     Up to 225,670,603 additional Warrants C arising from the adjustments in accordance with provisions of the deed poll for Warrants C, pursuant to the Proposed Rights Issue with Warrants ("Additional Warrant(s) C");

         (iv)     Up to 1,262,177,200 new EAH Shares to be issued pursuant to the exercise of Warrants D;

         (v)     Up to 130,332,318 new EAH Shares to be issued pursuant to the exercise of Additional Warrants B; and

         (vi)     Up to 225,670,603 new EAH Shares to be issued pursuant to the exercise of Additional Warrants C.

The approval granted by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:-

1.     EAH and RHBIB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Rights Issue with Warrants;

2.     EAH and RHBIB to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;

3.     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

4.     EAH to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants D as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 1 June 2017.




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