BURSA ANNOUCEMENTS

Date : 05 October 2012

Additional Listing Announcement

INSTACOM GROUP BERHAD

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalAcquisitions
Details of corporate proposalAcquisition by Instacom Group Berhad ("Instacom") of the entire issued and paid-up share capital of Instacom Engineering Sdn Bhd comprising 4,500,000 ordinary shares of RM1.00 each for a purchase consideration of RM102,000,000 to be satisfied entirely by the issuance of 510,000,000 new Consolidated Shares at an issue price of RM0.20 per Consolidated Share after the Share Consolidation ("Acquisition")
No. of shares issued under this corporate proposal510,000,000
Issue price per share ($$)MYR 0.200
Par Value ($$)MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units550,262,340
CurrencyMYR 55,026,234.000
Listing Date08/10/2012

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalBonus Issue
Details of corporate proposalBonus issue to the existing shareholders of Instacom other than Chan Chuck Yan, Anne Kung Soo Ching, Ngu Sing Hieng and Wong Say Khim on the basis of three (3) new Consolidated Shares for every two (2) existing Consolidated Shares held after the completion of the Acquisition ("Bonus Issue")
No. of shares issued under this corporate proposal60,393,510
Issue price per share ($$)MYR 0.000
Par Value ($$)MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units610,655,850
CurrencyMYR 61,065,585.000
Listing Date08/10/2012

3. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalPrivate Placement
Details of corporate proposalPrivate placement of 91,598,378 Consolidated Shares upon completion of the Acquisition and the Bonus Issue
No. of shares issued under this corporate proposal91,598,378
Issue price per share ($$)MYR 0.200
Par Value ($$)MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units702,254,228
CurrencyMYR 70,225,422.800
Listing Date08/10/2012


Announcement Info

Company NameINSTACOM GROUP BERHAD (ACE Market) 
Stock Name INSTACO    
Date Announced5 Oct 2012  
CategoryAdditional Listing Announcement (ALA)
Reference NoOI-121004-77325

Back