We refer to the announcements dated 24 February 2012, 27 February 2012, 29 February 2012, 9 March 2012 and 23 March 2012 respectively in respect of the Proposals (collectively referred to as the “Earlier Announcements”). Unless stated otherwise, capitalised terms used in this announcement shall carry the same meaning as defined in the Earlier Announcements. On behalf of the Board, AmInvestment Bank is pleased to announce that Bursa Securities has, vide its letter dated 4 April 2012, approved the following:-
- the admission to the Official List of the Main Market of Bursa Securities for up to 73,652,300 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;
- the listing of and quotation for up to 73,652,300 Bonus Shares on the Main Market of Bursa Securities;
- the listing of and quotation for up to 73,652,300 Rights Shares and up to 73,652,300 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and
- the listing of and quotation for up to 73,652,300 new Shares to be issued pursuant to the exercise of the Warrants on the Main Market of Bursa Securities.
The approval granted by Bursa Securities for the Proposals is subject to the following conditions:-
- MBMR and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposals;
- MBMR and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposals;
- MBMR 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;
- MBMR and AmInvestment Bank are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a)&(b) and 6.35(4) of the LR; and
- Payment of additional listing fees, MBMR is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants, as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 5 April 2012.
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