MULTIPLE PROPOSALS INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") (FORMERLY KNOWN AS I-POWER BERHAD) I. SHARE CAPITAL REDUCTION; II. CAPITAL REDEMPTION RESERVE REDUCTION; III. SHARE PREMIUM REDUCTION; IV. SHARE CONSOLIDATION; V. ACQUISITION; VI. BONUS ISSUE; VII. EXEMPTION; VIII. OFFER FOR SALE; IX. PRIVATE PLACEMENT; X. INCREASE IN AUTHORISED SHARE CAPITAL; XI. CHANGE OF NAME; AND XII. AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") (FORMERLY KNOWN AS I-POWER BERHAD) I. SHARE CAPITAL REDUCTION; II. CAPITAL REDEMPTION RESERVE REDUCTION; III. SHARE PREMIUM REDUCTION; IV. SHARE CONSOLIDATION; V. ACQUISITION; VI. BONUS ISSUE; VII. EXEMPTION; VIII. OFFER FOR SALE; IX. PRIVATE PLACEMENT; X. INCREASE IN AUTHORISED SHARE CAPITAL; XI. CHANGE OF NAME; AND XII. AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises dated 11 August 2011, 15 August 2011, 22 September 2011, 6 January 2012, 30 March 2012, 9 April 2012, 2 May 2012, 24 July 2012, 26 July 2012, 6 September 2012, 13 September 2012, 21 September 2012 and 1 October 2012. We refer to the announcements made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of Instacom ("Board") on 11 August 2011, 15 August 2011, 22 September 2011, 6 January 2012, 30 March 2012, 9 April 2012, 2 May 2012, 24 July 2012, 26 July 2012, 6 September 2012, 13 September 2012, 21 September 2012 and 1 October 2012 in relation to the Corporate Exercises. On behalf of the Board, OSK is pleased to announce that, subsequent to the completion of the Share Capital Reduction, 402,623,400 ordinary shares of RM0.01 each in Instacom will be consolidated into 40,262,340 ordinary shares of RM0.10 each in Instacom ("Consolidated Shares") pursuant to the Share Consolidation. The Consolidated Shares will be listed on Bursa Malaysia Securities Berhad on 8 October 2012. This announcement is dated 5 October 2012. | |
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 5 Oct 2012 |
| Category | General Announcement |
| Reference No | OI-121005-51449 |