Date : 25 June 2007

JOBSTREET CORPORATION BERHAD (“JCB” OR “COMPANY”)

JOBSTREET CORPORATION BERHAD

Type

Reply to query
Reply to Bursa Malaysia's Query Letter - Reference IDCY-070622-63637
SubjectJOBSTREET CORPORATION BERHAD (“JCB” OR “COMPANY”)

Contents :

(I) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF JCB FROM RM50 MILLION TO RM100 MILLION BY THE CREATION OF AN ADDITIONAL 500 MILLION ORDINARY SHARES OF RM0.10 EACH IN JCB (“JCB SHARES”);


(II) PROPOSED BONUS ISSUE OF UP TO 432,944,000 JCB SHARES (“BONUS SHARES”) ON THE BASIS OF 2 BONUS SHARES FOR EVERY JCB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED (“PROPOSED BONUS ISSUE”);

(III) PROPOSED CONSOLIDATION OF 2 JCB SHARES AFTER THE PROPOSED BONUS ISSUE INTO 1 NEW ORDINARY SHARE OF RM0.20 EACH IN JCB (“PROPOSED CONSOLIDATION”); AND

(IV) PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF JCB OF UP TO RM64,941,600 COMPRISING UP TO 324,708,000 ORDINARY SHARES OF RM0.20 EACH IN JCB FROM THE MESDAQ MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) TO THE MAIN BOARD OF BURSA SECURITIES

(COLLECTIVELY REFERRED TO AS “PROPOSALS”)

We refer to our announcement on behalf of JCB on 20 June 2007 in relation to the Proposals. On 22 June 2007, we received a letter from Bursa Securities pertaining to the said announcement and on behalf of JCB, we wish to provide the following additional information as requested:

EFFECTS OF THE PROPOSED BONUS ISSUE AND PROPOSED CONSOLIDATION ON THE EXISTING OPTIONS GRANTED UNDER JCB’S EMPLOYEE SHARE OPTION SCHEME (“ESOS OPTIONS”)

In accordance with the terms of the bye-laws governing the Company's Employee Share Option Scheme, the Proposed Bonus Issue and Proposed Consolidation will give rise to certain adjustments to the number and/or subscription price of the ESOS Options. Notification to the holders of the ESOS Options setting out, amongst others, the adjustments to the number and/or subscription price of the ESOS Options will be issued by the Company after finalisation of the relevant adjustments.

There are no convertible securities in JCB.

(This announcement is dated 25 June 2007)

Query Letter Contents :

We refer to JCB's announcement dated 20 June 2007 in respect of the above
matter.
In this connection, kindly furnish the Exchange with the following information
for public release within one (1) market day from the date hereof:-
The effect of the Proposed Consolidation on the shares to be issued pursuant to
existing share option schemes or shares to be issued pursuant to the exercise
and/or conversion of existing convertible securities
Yours faithfully

SUZALINA HARUN
Head, Issuers
Listing Division
Group Regulations
SUZ/WCY
c.c. Encik Chung Tin Fah, Securities Commission (via fax)



Announcement Info

Company NameJOBSTREET CORPORATION BERHAD (MESDAQ Market) 
Stock Name JOBS    
Date Announced25 Jun 2007  
CategoryGeneral Announcement
Reference NoMM-070625-61381