NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING INSTACOM GROUP BERHAD (FORMERLY KNOWN AS I-POWER BERHAD) ("INSTACOM" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 351,127,130 WARRANTS IN INSTACOM ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN INSTACOM HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | INSTACOM GROUP BERHAD (FORMERLY KNOWN AS I-POWER BERHAD) ("INSTACOM" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 351,127,130 WARRANTS IN INSTACOM ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN INSTACOM HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS") |
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Bonus Issue of Warrants. We refer to the earlier announcements dated 12 June 2013 and 4 July 2013 in relation to the Proposed Bonus Issue of Warrants. On behalf of the Board of Directors of Instacom, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 22 July 2013, resolved to approve the following:- i. Admission to the Official List and listing and quotation of 351,127,130 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and ii. Listing and quotation of up to 351,127,130 new Instacom Shares to be issued pursuant to the exercise of Warrants issued under the Proposed Bonus Issue of Warrants. The approval granted by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to the following conditions:- i. Instacom and RHBIB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Bonus Issue of Warrants; ii. Instacom and RHBIB to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants; iii. Instacom to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue of Warrants is completed; and iv. Instacom to furnish Bursa Securities on a quarterly basis, a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable. This announcement is dated 23 July 2013. | |
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 23 Jul 2013 |
| Category | General Announcement |
| Reference No | MI-130723-61098 |