(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS;
(III) PROPOSED BONUS ISSUE;
(IV) PROPOSED PRIVATE PLACEMENT WITH WARRANTS;
(V) PROPOSED M&A AMENDMENTS;
(VI) PROPOSED ESOS;
(VII) PROPOSED SHARE BUY-BACK; AND
(VIII) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL.
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to our earlier announcements dated 2 March 2015 and 30 April 2015 ("Announcements"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.
Inter-Pacific Securities Sdn. Bhd. ("IPS"), on behalf of the Board, wishes to announce that Bursa Securities had, vide its letter dated 22 May 2015, resolved to approve the following:-
(I) The listing and quotation of up to 90,202,000 new ordinary shares of RM0.25 each pursuant to the Proposed Rights Issue with Warrants;
(II) The listing and quotation of up to 45,101,000 new ordinary shares of RM0.25 each pursuant to the Proposed Bonus Issue;
(III) The listing and quotation of up to 36,080,800 new ordinary shares of RM0.25 each pursuant to the Proposed Private Placement with Warrants;
(IV) Admission to the Official List and the listing and quotation of up to 108,242,400 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants and Proposed Private Placement with Warrants;
(V) The listing and quotation of up to 108,242,400 new ordinary shares of RM0.25 each to be issued pursuant to the exercise of the Warrants; and
(VI) The listing and quotation of such number of new ordinary shares of RM0.25 each in DTB, representing up to 15% of the issued and paid-up share capital of DTB to be issued pursuant to the exercise of options under the Proposed ESOS.
The approval by Bursa Securities for the Proposals is subject to the following conditions:-
1. DTB and IPS must fully comply with the relevant provisions under the Main Market Listing Requirements (“MMLR”) pertaining to the implementation of the Proposals;
2. DTB and IPS to inform Bursa Securities upon the completion of the Proposals;
3. DTB 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;
4. Payment of additional listing fee for new DTB Shares to be issued pursuant to the Proposed Private Placement with Warrants and Proposed ESOS. In this respect, DTB 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;
5. DTB and IPS are required to make the relevant announcements in accordance to Paragraphs 6.35(2)(a)&(b), 6.35(3) and 6.35(5) of the MMLR; and
6. To incorporate the comments made in the draft circular to shareholders provided by Bursa Securities.
This announcement is dated 25 May 2015.
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