General Announcement

Reference No MI-140217-62515

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

17/02/2014

 
MULTIPLE PROPOSALS IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”) • PROPOSED SHARE SPLIT; • PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; • PROPOSED AMENDMENTS; • PROPOSED PRIVATE PLACEMENT; AND • PROPOSED RIGHTS ISSUE OF ICULS WITH WARRANTS (COLLECTIVELY, THE “PROPOSALS”)

IRE-TEX CORPORATION BERHAD

 

Type

:

Announcement

 

Subject

:

MULTIPLE PROPOSALS

 

Description

  : IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”)

• PROPOSED SHARE SPLIT;
• PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL;
• PROPOSED AMENDMENTS;
• PROPOSED PRIVATE PLACEMENT; AND
• PROPOSED RIGHTS ISSUE OF ICULS WITH WARRANTS

(COLLECTIVELY, THE “PROPOSALS”)

 

Announcement Details/Table Section:

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in ITCB’s announcement dated 8 January 2014 in relation to the Proposals (“Announcement”).

We refer to the Company’s announcement dated 8 January 2014 and its previous announcements in relation to the Proposals.

On behalf of the Board of Directors of ITCB, KAF Investment Bank Berhad wishes to announce that the Securities Commission Malaysia (Private Debt Securities) had, vide its letter dated 14 February 2014, approved the proposed issuance of the ICULS pursuant to the Proposed Rights Issue of ICULS with Warrants under subsection 214(1) of the Capital Markets & Services Act, 2007.

Prior to the issuance of the ICULS, KAF Investment Bank Berhad is required to submit a checklist of compliance with the standard conditions and continuing obligations as stipulated in the Guidelines on Private Debt Securities and any other condition imposed in any other letter issued in connection with the Proposed Rights Issue of ICULS with Warrants.

This announcement is dated 17 February 2014.