We refer to the previous announcements made by RHB Investment Bank, on behalf of the Board in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposals.
On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 4 June 2013, given its approval-in-principle for the listing of and quotation for the following:-
(a) up to 445,349,217 MRCB Shares together with 127,242,635 free detachable warrants to be issued pursuant to the Proposed Acquisitions;
(b) up to 482,087,903 warrants to be issued pursuant to the Proposed Free Warrants; and
(c) up to 609,330,538 MRCB Shares to be issued pursuant to the exercise of the Consideration Warrants and Free Warrants.
on the Main Market of Bursa Securities subject to, inter-alia, the following conditions:-
(1) MRCB and its adviser must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;
(2) MRCB and its adviser to inform Bursa Securities upon the completion of the Proposals;
(3) MRCB must comply with the public shareholding spread requirements pursuant to Paragraph 8.02 of the Listing Requirements, upon the completion of the Proposals;
(4) MRCB and its adviser to furnish the following to Bursa Securities prior to the quotation of the MRCB Shares and Warrants:-
- Confirmation from the adviser that MRCB complies with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements and a certificate of distribution of the shares in the format contained in Part B(1)(d) of Annexure PN21-A of the Listing Requirements;
- A certified true copy of the resolution passed by the shareholders approving the Proposals; and
- A copy of the approval letter from the Controller of Foreign Exchange for the allotment and issuance of the Warrants to the non-resident shareholders of the Company;
(5) MRCB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed.
For information purposes, RHB Investment Bank had on 21 May 2013 submitted a supplemental listing application to Bursa Securities to revise the approval sought in the Listing Application submitted previously to facilitate the issuance of the additional number of Consideration Shares and Consideration Warrants which may be issued pursuant to the Drag Along Notice served by NGD to PKNS to request PKNS to participate in the sale of the entire issued and paid-up share capital in P.J Sentral to MRCB for a total consideration of RM85,300,000.
This announcement is dated 4 June 2013.
