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 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | 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”) |
Reference is made to the Company’s announcements dated 12 December 2013 and 13 December 2013 in relation to the Proposals. On behalf of the Board of Directors of Protasco, AmInvestment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 10 January 2014 (which was received on 13 January 2014), approved the application in relation to the:- (i) admission to the Official List and listing of and quotation of up to 133,546,259 new detachable warrants (“Warrants”) to be issued pursuant to the Proposals; and (ii) the listing for 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. This announcement is dated 13 January 2014. | |
Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 13 Jan 2014 |
| Category | General Announcement |
| Reference No | MB-140113-41506 |