MULTIPLE PROPOSALS

JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”) I. PROPOSED SHARE SPLIT; II. PROPOSED BONUS ISSUE; AND III. PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

JOHORE TIN BERHAD

 

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
JOHORE TIN BERHAD ("JTB" OR THE "COMPANY")

I.	PROPOSED SHARE SPLIT;
II.	PROPOSED BONUS ISSUE; AND
III.	PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of JTB, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

  1. proposed share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in JTB  into two (2) ordinary shares of RM0.50 each in JTB (“Subdivided Share(s)”) held by the shareholders of the Company whose names appear in the Record of Depositors of the Company as at the close of business on an entitlement date (“Entitled Shareholders”) to be determined and announced later (“Entitlement Date”) (“Proposed Share Split”);
  2. proposed bonus issue of up to 77,754,444 new Subdivided Shares (“Bonus Share(s)”) to be credited as fully paid-up on the basis of one (1) Bonus Share for every three (3) Subdivided Shares held by the Entitled Shareholders on the Entitlement Date (“Proposed Bonus Issue”); and
  3. proposed amendment to the Memorandum of Association of JTB to facilitate the implementation of the Proposed Share Split (“Proposed Amendment”).

Details on the Proposals are set out in the ensuing attachment.

 

 

This announcement is dated 17 June 2016.

Please refer attachment below.

 

Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 17 Jun 2016
Category General Announcement for PLC
Reference Number GA1-17062016-00039