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 |
| Admission Sponsor | OSK Investment Bank Bhd |
| Sponsor | Same as above |
| 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, 1 October 2012 and 5 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, 1 October 2012 and 5 October 2012 in relation to the Corporate Exercises. On behalf of the Board, OSK wishes to announce that the Share Consolidation, the Acquisition, the Bonus Issue and the Private Placement were completed with the listing of 40,262,340 Consolidated Shares, 510,000,000 Consideration Shares, 60,393,510 Bonus Shares and 91,598,378 Placement Shares on the ACE Market of Bursa Malaysia Securities Berhad effective from 9.00 a.m. on 8 October 2012. In addition to the Share Consolidation, the Acquisition, the Bonus Issue and the Private Placement, on behalf of the Board, OSK wishes to announce that other corporate exercises, namely the Exemption, the Offer for Sale, the Increase in Authorised Share Capital, the Change of Name and the Amendments, were also completed. | |
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 8 Oct 2012 |
| Category | General Announcement |
| Reference No | OI-121008-59326 |