Company announcements: CBIP

CBIP - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement

Company Name	CB INDUSTRIAL PRODUCT HOLDING BERHAD
Stock Name	CBIP
Date Announced	17 Sept 2014
Category	General Announcement
Reference No	MI-140917-67765

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES
Description	CB INDUSTRIAL PRODUCT HOLDING BERHAD (“CBIP”) (I) PROPOSED BONUS ISSUE OF UP TO 272,008,473 NEW ORDINARY SHARES OF RM0.50 EACH IN CBIP (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY EXISTING SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE OF SHARES”); AND (II) PROPOSED BONUS ISSUE OF UP TO 90,669,491 WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING SHARES HELD ON THE ENTITLEMENT DATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the announcements dated 11 August 2014 and 3 September 2014 in relation to the Proposals. On behalf of the Board of Directors of CBIP, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 15 September 2014 (“Approval Letter”), approved the following: (i) listing of and quotation for up to 272,008,473 Bonus Shares on the Main Market of Bursa Securities; (ii) admission, listing of and quotation for up to 90,669,491 Warrants to the Official List of Bursa Securities; and (iii) listing of and quotation for up to 90,669,491 new Shares to be issued pursuant to the exercise of the Warrants on the Main Market of Bursa Securities, subject to the following conditions: (a) CBIP and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposals; (b) CBIP and Maybank IB to inform Bursa Securities upon completion of the Proposals; (c) CBIP 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; (d) Payment of annual and additional listing fees for the Warrants. CBIP is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable; (e) CBIP and Maybank IB are required to make the relevant announcements pursuant to Paragraphs 6.35(3) and 6.35(5) of the Listing Requirements for the Proposed Bonus Issue; and (f) To incorporate the comments made in the circular to the shareholders of CBIP provided in Attachment I of the Approval Letter. This Announcement is dated 17 September 2014.

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