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Date: 02 March 2018

MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED BONUS ISSUE OF WARRANTS; II. PROPOSED ACQUISITION; AND III. PROPOSED DIVERSIFICATION. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED BONUS ISSUE OF WARRANTS; II. PROPOSED ACQUISITION; AND III. PROPOSED DIVERSIFICATION. (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 our earlier announcements dated 14 December 2017 and 8 January 2018 in relation to the Proposals. 

On behalf of the Board of Directors of EAH, UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, via its letter dated 2 March 2018, resolved to approve the following:-

a) Admission to the Official List and the initial listing and quotation of up to 1,596,354,405 Warrants E to be issued pursuant to the Proposed Bonus Issue of Warrants; 

b) Listing of: 

(i) 1,593,750,000 EAH Consideration Shares to be issued pursuant to the Proposed Acquisition; and

(ii) up to 1,596,354,405 new EAH Shares to be issued pursuant to the exercise of the Warrants E. 

 

The approval granted by Bursa Securities for the Proposed Acquisition and Proposed Bonus Issue of Warrants are subject to the following conditions:- 

  1. EAH and UOB Kay Hian must fully comply with the relevant provisions under the ACE Market Listing Requirements ("ACE LR") pertaining to the implementation of the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed Diversification. 
  2. EAH and UOB Kay Hian to inform Bursa Securities upon the completion of the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed Diversification. 
  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 Acquisition, Proposed Bonus Issue of Warrants and Proposed Diversification are completed. 
  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 E as at the end of each quarter together with a detailed computation of listing fees payable. 
  5. UOB Kay Hian to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the ACE LR to Bursa Securities upon completion of the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed Diversification, indicating compliance with the public shareholding spread.

 

This announcement is dated 2 March 2018. 





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