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")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 17 June 2016 in relation to the Proposals.

 

We refer to the previous announcements in relation to the Proposals.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had, vide its letter dated 28 July 2016, resolved to approve the following:-

  1. Proposed Share Split;
  2. Listing of and quotation for up to 77,754,444 Bonus Shares to be issued pursuant to the Proposed Bonus Issue;
  3. Listing of and quotation for up to 38,877,221 Additional Warrants arising from the adjustment made pursuant to the Proposed Share Split and Proposed Bonus Issue; and
  4. Listing of and quotation for up to 38,877,221 new ordinary shares of RM0.50 each to be issued pursuant to the exercise of the Additional Warrants.

The approval by Bursa Securities for the Proposals is subject to the following conditions:-

  1. Shareholders’ approval be obtained for the Proposed Share Split, Proposed Bonus Issue and Proposed Amendment. In this respect, JTB is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders approving the Proposals prior to the listing of and quotation for the Subdivided Shares, Bonus Shares and Additional Warrants;
  2. JTB and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposals;
  3. JTB and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposals;
  4. JTB 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;
  5. JTB to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the exercise of Warrants 2012/2017 at the end of each quarter together with a detailed computation of listing fees payable; and
  6. JTB or RHB Investment Bank are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4), Paragraph 6.56(2)(b)(ii) & (iii), and Paragraph 13.10(2) of the Main Market Listing Requirements pertaining to the Proposals.

 

This announcement is dated 29 July 2016.

Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 29 Jul 2016
Category General Announcement for PLC
Reference Number GA1-29072016-00003