NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES INSTACOM GROUP BERHAD (FORMERLY KNOWN AS I-POWER BERHAD) ("INSTACOM" OR THE "COMPANY") 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 ("BONUS ISSUE OF WARRANTS")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | INSTACOM GROUP BERHAD (FORMERLY KNOWN AS I-POWER BERHAD) ("INSTACOM" OR THE "COMPANY") 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 ("BONUS ISSUE OF WARRANTS") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Bonus Issue of Warrants. We refer to the earlier announcements dated 12 June 2013, 4 July 2013 and 23 July 2013 in relation to the Bonus Issue of Warrants. On behalf of the Board of Directors of Instacom ("Board"), RHB Investment Bank Berhad is pleased to announce that the Company had resolved to fix the exercise price of the Warrants at RM0.33 each. The exercise price per Warrant represents a discount of approximately 15% to the five (5)-day weighted average market price of Instacom Shares as traded on Bursa Malaysia Securities Berhad up to and including 15 August 2013 of RM0.39 per Instacom Share. This announcement is dated 16 August 2013. | |
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 16 Aug 2013 |
| Category | General Announcement |
| Reference No | MI-130816-45458 |