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 proposal | Acquisitions |
Details of corporate proposal | Acquisition 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 proposal | 510,000,000 |
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 | |
Units | 550,262,340 |
Currency | MYR 55,026,234.000 |
Listing Date | 08/10/2012 |
2. Details of Corporate Proposal | |
Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
Types of corporate proposal | Bonus Issue |
Details of corporate proposal | Bonus 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 proposal | 60,393,510 |
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 | |
Units | 610,655,850 |
Currency | MYR 61,065,585.000 |
Listing Date | 08/10/2012 |
3. Details of Corporate Proposal | |
Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
Types of corporate proposal | Private Placement |
Details of corporate proposal | Private placement of 91,598,378 Consolidated Shares upon completion of the Acquisition and the Bonus Issue |
No. of shares issued under this corporate proposal | 91,598,378 |
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 | |
Units | 702,254,228 |
Currency | MYR 70,225,422.800 |
Listing Date | 08/10/2012 |
Announcement Info
Company Name | INSTACOM GROUP BERHAD (ACE Market) |
Stock Name | INSTACO |
Date Announced | 5 Oct 2012 |
Category | Additional Listing Announcement (ALA) |
Reference No | OI-121004-77325 |