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On behalf of the Board of Directors of Salcon, MIMB Investment Bank Berhad (“MIMB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 18 May 2010 (received on 19 May 2010), approved the listing of such number of additional shares of RM0.50 each in Salcon, representing up to fifteen per centum (15%) of the issued and paid-up share capital of Salcon (excluding treasury shares) to be issued pursuant to the exercise of options under the Proposed ESOS subject to the following:-
(a) MIMB is required to submit a confirmation to Bursa Securities that the Proposed ESOS fully complies with paragraph 6.43(1) of the Main Market Listing Requirements (“Main Listing Requirements”) and to state the effective date of implementation as well as submit to Bursa Securities a certified true copy of the resolution passed by the shareholders in general meeting; and
(b) payment of additional listing fees of RM10,000 to Bursa Securities. In this respect, Salcon is required to furnish Bursa Securities on a quarterly basis a summary of the total number of ESOS shares listed as at the end of each quarter together with a detailed computation of listing fees payable.
In the event the new ordinary shares to be issued pursuant to the exercise of ESOS are to be listed and quoted as the existing securities of the same class, quotation of the said new ordinary shares will commence on the next market day after the following:-
(a) submission of the relevant share certificate together with a covering letter containing a summary of the Proposed ESOS to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;
(b) receipt of confirmation from Bursa Depository that the additional new ordinary shares are ready for crediting into the securities accounts of the respective account holders; and
(c) the submission of an announcement in accordance to Paragraph 13.2 of Practice Note (“PN”) 28 via Bursa Link before 3.00 p.m. on the market day prior to the listing date.
In the event the new ordinary shares to be issued pursuant to the exercise of ESOS are to be separately quoted from the existing securities, i.e. “A” shares, the listing and quotation of the new ordinary shares will take place two (2) market days upon the receipt of an application for quotation by Bursa Securities as specified under Part C of Annexure PN28-B.
The said letter from Bursa Securities also states that Salcon is required to ensure full compliance with all the requirements pertaining to the Proposed ESOS as provided under the Main Listing Requirements at all times.
This announcement is dated 20 May 2010. |
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