Date : 11 July 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROPOSED RIGHTS ISSUE

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

PROPOSED RIGHTS ISSUE

We refer to the earlier announcements in relation to the Proposed Rights Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Rights Issue.

 

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 10 July 2017, granted its approval for the following:-

 

(i)  the admission of up to 571,439,740 Rights Warrants to the Official List of Bursa Securities; and

 

(ii)  listing of and quotation for:-

 

      (a)  up to 2,857,198,698 Rights Shares and up to 571,439,740 Rights Warrants to be issued pursuant to the Proposed Rights Issue;

 

      (b)  up to 571,439,740 new Shares to be issued arising from the exercise of the Rights Warrants;

 

       (c)  up to 278,819,965 additional Warrants A to be issued pursuant to the adjustments under the deed poll dated 22 August 2013 constituting the Warrants A as a result of the     Proposed Rights Issue; and

 

       (d)  up to 278,819,965 new Shares to be issued arising from the exercise of the additional Warrants A,

 

on the Main Market of Bursa Securities.

 

 

The approval by Bursa Securities is subject to, among others, the following conditions:-

 

(i)  MRCB and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Rights Issue;

 

(ii)  MRCB and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Rights Issue;

 

(iii)  MRCB and RHB Investment Bank to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the forthcoming general meeting for the Proposed Rights Issue; and

 

(iv)  MRCB and RHB Investment Bank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securitiesí approval once the Proposed Rights Issue is completed.

 

 

This Announcement is dated 11 July 2017.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 11 Jul 2017
Category General Announcement for PLC
Reference Number GA1-11072017-00075