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 ITCB’s
announcement dated 8 January 2014 in
relation to the Proposals.
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
(“KAF”) is pleased to
announce that Bursa Malaysia
Securities Berhad (“Bursa
Securities”) had, vide its
letter dated 18 February 2014,
resolved to approve the following:-
(i) Proposed Share Split;
(ii) Listing of up to 11,870,000
Placement Shares to be issued
pursuant to the Proposed Private
Placement;
(iii) Admission to the Official List
and the listing and quotation of up
to 522,298,000 ICULS and up to
65,287,250 Warrants to be issued
pursuant to the Proposed Rights
Issue of ICULS with Warrants; and
(iv) The listing of up to
587,585,250 new ITCB Shares to be
issued pursuant to the conversion of
the ICULS and the exercise of the
Warrants.
The approval by Bursa Securities for
the Proposed Share Split, Proposed
Private Placement and the Proposed
Rights Issue of ICULS with Warrants
is subject to the following
conditions:-
(i) Shareholders’ approval for the
Proposed Rights Issue of ICULS with
Warrants, Proposed Share Split and
Proposed Amendments;
(ii) ITCB and KAF must fully comply
with the relevant provisions under
the Main Market Listing Requirements
pertaining to the implementation of
the Proposed Share Split, Proposed
Private Placement and Proposed
Rights Issue of ICULS with Warrants;
(iii) ITCB and KAF to inform Bursa
Securities upon the completion of
the Proposed Share Split, Proposed
Private Placement and Proposed
Rights issue of ICULS with Warrants;
(iv) ITCB to furnish Bursa
Securities with a written
confirmation of its compliance with
the terms and conditions of Bursa
Securities’ approval once the
Proposed Share Split, Proposed
Private Placement and Proposed
Rights Issue of ICULS with Warrants
are completed; and
(v) ITCB to furnish Bursa Securities
on a quarterly basis a summary of
the total number of shares listed
pursuant to the conversion of the
Rights ICULS and/or exercise of the
Warrants as at the end of each
quarter together with a details
computation of listing fees payable.
This announcement is dated 18
February 2014.
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