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

MULTIPLE PROPOSALS

General Announcement
Reference No OI-120307-52082

 

Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD  
Company Name
:
R&A TELECOMMUNICATION GROUP BERHAD (ACE Market) 
Stock Name
:
RA  
Date Announced
:
07/03/2012  
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. 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 ("BONUS ISSUE OF WARRANTS");

II. 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 ("INCREASE IN AUTHORISED SHARE CAPITAL"); AND

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

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Announcement Details/Table Section :

 

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

    We refer to the announcements made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of R&A ("Board"), on 20 December 2011, 16 January 2012, 25 January 2012 and 27 January 2012 in relation to the Proposals.
      On behalf of the Board, OSK wishes to announce that the Company has on 7 March 2012 fixed the exercise price for the Warrants to be issued pursuant to the Bonus Issue of Warrants at RM0.17 per Warrant.
        The exercise price of RM0.17 per Warrant represents a premium of approximately 41.67% to the five (5)-day weighted average market price of R&A Shares up to and including 6 March 2012 of RM0.12 per R&A Share.
        This announcement is dated 7 March 2012.