July 26, 2010

Company announcements: PETRA

PETRA - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: PETRA PERDANA BERHAD ("PPB" OR THE "COMPANY")

PROPOSED RENOUNCEABLE RIGHTS ISSUE WITH FREE DETACHABLE WARRANTS ("PROPOSED RIGHTS ISSUE")

Contents: We refer to the announcements dated 11 May 2010 and 9 July 2010 in relation to, amongst others, the Proposed Rights Issue. All abbreviations herein shall have the same meanings as those used in the abovementioned announcements unless stated otherwise.

On behalf of PPB, CIMB Investment Bank Berhad ("CIMB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 23 July 2010, approved the following:

i) Listing and quotation of up to 139,120,000 new PBB Shares to be issued pursuant to the Proposed Rights Issue;

ii) Admission to the Official List and listing and quotation of up to 69,560,000 Warrants to be issued pursuant to the Proposed Rights Issue; and

iii) Listing and quotation of up to 69,560,000 new PPB Shares to be issued pursuant to the exercise of the Warrants.

The approval by Bursa Securities for the Proposed Rights Issue is subject to the following conditions:

(i) PPB and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Rights Issue;

(ii) PPB and CIMB to inform Bursa Securities upon the completion of the Proposed Rights Issue;

(iii) PPB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue is completed; and

(iv) PPB to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

PPB is required to ensure full compliance of all the requirements as provided under the Main Market Listing Requirements at all times.

This announcement is dated 26 July 2010.



No comments:

Post a Comment