R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

MULTIPLE PROPOSALS
R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) (I) PROPOSED PAR VALUE REDUCTION; AND (II) PROPOSED M&A AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Company Name

R&A TELECOMMUNICATION GROUP BERHAD(ACE Market) 

Stock Name

RA    

Date Announced

5 Mar 2014 

Category

General Announcement

Reference No

MI-140305-56068

MULTIPLE PROPOSALS R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) (I) PROPOSED PAR VALUE REDUCTION; AND (II) PROPOSED M&A AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 

Type

Announcement

Subject

MULTIPLE PROPOSALS

Description

R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”)

(I) PROPOSED PAR VALUE REDUCTION; AND
(II) PROPOSED M&A AMENDMENTS.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 

(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein)

Reference is made to the Company’s earlier announcements dated 26 November 2013, 3 January 2014, 28 January 2014 and 28 February 2014 in relation to the Proposals.

On behalf of the Board of Directors of R&A (“Board”), KAF Investment Bank Berhad (“KAF”) wishes to announce that an office copy of the order granted by the High Court of Malaya at Kuala Lumpur dated 28 February 2014 confirming the reduction of the issued and paid-up share capital of the Company via the cancellation of RM0.05 of the par value of each ordinary share in R&A had been lodged with the Companies Commission of Malaysia on 5 March 2014.

Pursuant thereto, the Par Value Reduction will take effect today and hence, the Par Value Reduction is deemed completed today.

On the same matter, whilst it has been stated in the Circular to Shareholders dated 6 January 2014 that the exercise price of the R&A Warrants 2012/2017 (“Warrants”) may be adjusted consequential to the Par Value Reduction, the Board and KAF had further deliberated and came to a conclusion that no adjustment to the exercise price of the Warrants would be required as the theoretical investment position of a warrant holder will not be affected after the Par Value Reduction. 

 

This announcement is dated 5 March 2014.

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