General announcement
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES
PROTASCO BERHAD ("PROTASCO" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE PROPOSALS")
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Unless otherwise defined, the abbreviations and definitions used in the announcement by the Company dated 17 January 2018 and 2 March 2018 ("Announcements") shall apply herein.
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We refer to the Announcements in relation to the Proposals.
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On behalf of the Board, RHB Investment Bank is pleased to announce that Bursa Securities had, vide its letter dated 15 March 2018, approved the following:
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Listing of and quotation for 70,782,152 Bonus Shares;
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Admission to the Official List and listing of and quotation for 106,173,228 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
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Listing of and quotation for 106,173,228 new Protasco Shares to be issued arising from the exercise of Warrants.
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The approval by Bursa Securities is subject to the following conditions:
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Protasco and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposals;
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Protasco and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposals;
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Protasco and RHB Investment Bank to furnish a certified true copy of the resolution passed by shareholders at the shareholders’ meeting for the Proposals;
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Protasco 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; and
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Protasco and RHB Invesment Bank are required to make the relevant announcements pursuant to Paragrpahs 6.35(2)(a) and (b), and 6.35(4) of the Listing Requirements.
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This announcement is dated 15 March 2018.
Read the full document
GA1-15032018-00086