NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES PROTASCO BERHAD (“PROTASCO” OR THE “COMPANY”) (A) PROPOSED PRIVATE PLACEMENT OF UP TO 50,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PROTASCO (“PROTASCO SHARES”) (“PLACEMENT SHARES”) TOGETHER WITH UP TO 100,000,000 NEW DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE (“PROPOSED PRIVATE PLACEMENT”); AND (B) PROPOSED BONUS ISSUE OF UP TO 33,546,259 FREE WARRANTS ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TEN (10) EXISTING PROTASCO SHARES (“PROPOSED BONUS ISSUE OF WARRANTS”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
| PROTASCO BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | PROTASCO BERHAD (“PROTASCO” OR THE “COMPANY”) (A) PROPOSED PRIVATE PLACEMENT OF UP TO 50,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PROTASCO (“PROTASCO SHARES”) (“PLACEMENT SHARES”) TOGETHER WITH UP TO 100,000,000 NEW DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE (“PROPOSED PRIVATE PLACEMENT”); AND (B) PROPOSED BONUS ISSUE OF UP TO 33,546,259 FREE WARRANTS ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TEN (10) EXISTING PROTASCO SHARES (“PROPOSED BONUS ISSUE OF WARRANTS”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
This announcement is dated 12 December 2013. On behalf of the Board of Directors of Protasco (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that the Company proposes to undertake the following:- (a) proposed private placement of up to 50,000,000 Placement Shares together with up to 100,000,000 new detachable Warrants on the basis of two (2) Warrants for every one (1) Placement Share; and (b) proposed bonus issue of up to 33,546,259 free Warrants on the basis of one (1) Warrant for every ten (10) existing Protasco Shares held by shareholders of Protasco on an entitlement date to be determined and announced later by the Board (“Entitlement Date”). Please refer to the attached announcement for further details on the Proposals. | |
Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 12 Dec 2013 |
| Category | General Announcement |
| Reference No | MB-131212-63369 |