Announcements

Date : 13 December 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES PROTASCO BERHAD (“PROTASCO” OR “COMPANY”) (I) 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 ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE (“PROPOSED PRIVATE PLACEMENT”); AND (II) 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 (“PROPOSED BONUS ISSUE OF WARRANTS”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

PROTASCO BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionPROTASCO BERHAD (“PROTASCO” OR “COMPANY”)

(I) 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 ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE (“PROPOSED PRIVATE PLACEMENT”); AND

(II) 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 (“PROPOSED BONUS ISSUE OF WARRANTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
This announcement is dated 13 December 2013.
Reference is made to the Company’s announcement dated 12 December 2013 in relation to the Proposals.

On behalf of the Company, AmInvestment Bank Berhad wishes to announce that the application in relation to the:-

(i) admission to the Official List and listing of and quotation of up to 133,546,259 Warrants to be issued pursuant to the Proposals; and

(ii) the additional listing and quotation of up to 50,000,000 new Protasco Shares pursuant to the Proposed Private Placement and up to 133,546,259 new Protasco Shares to be issued arising from the exercise of the Warrants on the Main Market of Bursa Securities

had been submitted to Bursa Malaysia Securities Berhad on 13 December 2013.



Announcement Info

Company NamePROTASCO BERHAD  
Stock Name PRTASCO    
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoMB-131213-56873

Back