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Date : 13 May 2013

MULTIPLE PROPOSALS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) (I) PROPOSED ACQUISITIONS; (II) PROPOSED FREE WARRANTS; (III) PROPOSED EXEMPTION; (IV) PROPOSED IASC; AND (V) PROPOSED AMENDMENTS. (TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”)

(I) PROPOSED ACQUISITIONS;
(II) PROPOSED FREE WARRANTS;
(III) PROPOSED EXEMPTION;
(IV) PROPOSED IASC; AND
(V) PROPOSED AMENDMENTS.

(TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

We refer to the announcements made by RHB Investment Bank on behalf of the Board on 8 February 2013, 12 March 2013, 15 March 2013, 4 April 2013, 5 April 2013, 23 April 2013 and 7 May 2013 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 MRCB has, on the date of this announcement, submitted a supplemental application to the Controller of Foreign Exchange, Bank Negara Malaysia (“BNM”) to inform BNM that the Company may grant additional options to the eligible directors and employees of the Group, pursuant to its ESOS, prior to the Entitlement Date. In the event such ESOS options are exercised by the eligible directors and employees of the Group prior to the Entitlement Date, the new MRCB Shares to be issued pursuant to the exercise of the ESOS options will be entitled to the Free Warrants under the Proposed Free Warrants on the basis of one (1) Free Warrant for every three (3) MRCB Shares held as at the Entitlement Date.

In view of the above, MRCB is also seeking BNM’s approval for the issuance of additional Free Warrants to non-residents of Malaysia pursuant to the Proposed Free Warrants as well as any additional Warrants to be issued as a consequence of adjustments that may be made from time to time pursuant to the provisions of the deed poll constituting the Warrants to be executed by the Company.


This announcement is dated 13 May 2013. 



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced13 May 2013  
CategoryGeneral Announcement
Reference NoMI-130513-58347