INSTACO-i. Acquisition by INSTACO of 1,400,000 ordinary shares of RM1.00 each in Neata Aluminium (Malaysia) Sdn Bhd ("NEATA"), representing 35% of the equity interest in NEATA for a purchase consideration of RM58.80 million, satisfied via the issuance of 309,473,684 new ordinary shares of RM0.10 each in INSTACO ("INSTACO share(s)") at the issue price of RM0.19 per INSTACO share ("Acquisition"); and ii. Bonus issue of warrants of up to 210,676,278 warrants in INSTACO ("Warrant C") on the basis of one (1) free Warrant C for every five (5) existing INSTACO shares held (“Bonus Issue of Warrants”)
| INSTACOM GROUP BERHAD |
LISTING'S CIRCULAR NO. L/Q : 72381 OF 2015
Kindly be advised that INSTACO's:
i) additional 309,473,684 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Acquisition will be granted listing and quotation with effect from 9.00 a.m., Friday, 30 January 2015; and
ii) 140,450,852 Warrants C issued pursuant to the aforesaid Bonus Issue of Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of these Warrants C on the ACE Market will be granted with effect from 9.00 a.m., Friday, 30 January 2015.
The Stock Short Name, ISIN Code and Stock Number of the Warrants C are "INSTACO -WC", "MYQ0069WCU12" and "0069WC" respectively.
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 29 Jan 2015 |
| Category | Listing Circular |
| Reference No | NM-150128-50843 |