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

MULTIPLE PROPOSALS

General Announcement
Reference No OI-111220-60016

 

Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD  
Company Name
:
R&A TELECOMMUNICATION GROUP BERHAD (ACE Market) 
Stock Name
:
RA  
Date Announced
:
20/12/2011  
Admission Sponsor
:
OSK Investment Bank Bhd
Sponsor
:
Same as above

 

Type
:
Announcement
Subject
:
MULTIPLE PROPOSALS
Description
:
R&A TELECOMMUNICATION GROUP BERHAD (FORMERLY KNOWN AS KZEN SOLUTIONS BERHAD) ("R&A" OR THE "COMPANY")

I. PROPOSED BONUS ISSUE OF 87,896,600 WARRANTS IN R&A ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.10 EACH IN R&A ("R&A SHARE(S)" OR "SHARE(S)") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS");

II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF R&A FROM RM100,000,000 COMPRISING 1,000,000,000 R&A SHARES TO RM150,000,000 COMPRISING 1,500,000,000 R&A SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND

III. PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF R&A ("PROPOSED AMENDMENTS")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Attachments
:
RA Announcement.pdf

Announcement Details/Table Section :

 

On behalf of the Board of Directors of R&A, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

    i. A bonus issue of 87,896,600 Warrants in R&A on the basis of one (1) free Warrant for every ten (10) existing R&A Shares held on an entitlement date to be determined later;
      ii. An increase in the authorised share capital of R&A from RM100,000,000 comprising 1,000,000,000 R&A Shares to RM150,000,000 comprising 1,500,000,000 R&A Shares; and
        iii. Amendments to the Memorandum and Articles of Association of R&A.
          Further details of the Proposals are set out in the attachment enclosed.
          This announcement is dated 20 December 2011.