JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”) (I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III)PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
| JOHORE TIN BERHAD |
| 08/08/2012 05:52:26 PM |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”)(I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III)PROPOSED M&A AMENDMENTS(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
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On behalf of the Board of Directors of JTB (“Board”), OSK Investment Bank Berhad wishes to announce that JTB proposes to undertake the following corporate proposals:-
(i) Proposed renounceable rights issue of 23,326,333 new ordinary shares of RM1.00 each in JTB (“Rights Share(s)”) together with 23,326,333 free detachable warrants (“Warrant(s)”) on the basis of one (1) Rights Share and one (1) Warrant for every three (3) existing ordinary shares of RM1.00 each in JTB (“JTB Share(s)” or “Share(s)”) held on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”); (ii) Proposed increase in authorised share capital of JTB from RM100,000,000 comprising 100,000,000 JTB Shares to RM200,000,000 comprising 200,000,000 JTB Shares by the creation of an additional 100,000,000 new JTB Shares (“Proposed Increase in Authorised Share Capital”); and
(iii) Proposed amendments to the Memorandum and Articles of Association (“M&A”) of JTB (“Proposed M&A Amendments”).
Further details of the Proposals are set out in the attachment enclosed. This announcement is dated 8 August 2012. |
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Attachments |