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.