MRCB - Home

Reference is made to the Company’s announcements dated 25 August 2016 and 28 September 2016 in relation to the Proposed LTIP. Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the abovementioned announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities has, vide its letter dated 11 October 2016, approved the listing of and quotation for such number of new MRCB Shares, representing up to ten percent (10%) of the issued and paid-up share capital of MRCB (excluding treasury shares), to be issued pursuant to the Proposed LTIP subject to, amongst others, the following conditions:

1. RHB Investment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to paragraph 6.43(1) of the Main Market Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and
2. MRCB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of MRCB Shares listed pursuant to the Proposed LTIP as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 12 October 2016.