Company announcements: PRTASCO

PRTASCO - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement

Company Name	PROTASCO BERHAD
Stock Name	PRTASCO
Date Announced	13 Jun 2014
Category	General Announcement
Reference No	MB-140613-36771

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description	PROTASCO BERHAD (“PROTASCO” OR “COMPANY”) (I) PRIVATE PLACEMENT OF UP TO 50,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PROTASCO (“PROTASCO SHARES”) (“PLACEMENT SHARES”) TOGETHER WITH UP TO 100,000,000 NEW DETACHABLE WARRANTS ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE (“PRIVATE PLACEMENT”); AND (II) BONUS ISSUE OF UP TO 33,546,259 FREE WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) EXISTING PROTASCO SHARES (“BONUS ISSUE OF WARRANTS”)
Reference is made to the Company’s announcements dated 12 December 2013, 13 December 2013, 13 January 2014, 30 January 2014 and the circular to shareholders dated 15 January 2014 in relation to the Private Placement and Bonus Issue of Warrants. In accordance with Paragraph 6.62 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), a listed issuer must complete the implementation of a proposal in relation to an issuance of securities within six (6) months from the date the listing application is approved by Bursa Securities. Accordingly, the Company has till 9 July 2014 to complete the Private Placement and Bonus Issue of Warrants. On behalf of the Board of Directors of Protasco, AmInvestment Bank Berhad wishes to announce that the Company had on even date applied to Bursa Securities for an extension of time for the implementation of the Private Placement and Bonus Issue of Warrants. This announcement is dated 13 June 2014.

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