NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES DOMINANT ENTERPRISE BERHAD ("DEB" OR "COMPANY") (A) PROPOSED BONUS ISSUE OF SHARES; (B) PROPOSED BONUS ISSUE OF WARRANTS; AND (C) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL AND PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

DOMINANT ENTERPRISE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
DOMINANT ENTERPRISE BERHAD ("DEB" OR "COMPANY")

(A)	PROPOSED BONUS ISSUE OF SHARES;
(B)	PROPOSED BONUS ISSUE OF WARRANTS; AND
(C)	PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL AND PROPOSED AMENDMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the announcements dated 28 May 2015 and 26 June 2015 in relation to the abovementioned Proposals (“Announcements”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements.

On behalf of the Board of Directors of DEB, AmInvestment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 10 July 2015, granted its approval for the following:-

(a) admission to the official list of Bursa Securities and the listing of and quotation for up to 45,844,467 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;

(b) the listing of and quotation for up to 27,506,680 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares; and

(c) the listing of up to 45,844,467 new ordinary shares of RM0.50 each in DEB to be issued pursuant to the exercise of the Warrants,

on the Main Market of Bursa Securities.

 

The approval granted by Bursa Securities for the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants are subject to, amongst others, the following conditions:

(a) DEB and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants;

(b) DEB and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants;

(c) DEB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Shares and Proposed Bonus Issue of Warrants are completed;

(d) Payment of annual listing fees for Warrants. DEB is required 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; and

(e) DEB and AmInvestment Bank are required to make the relevant announcements pursuant to Paragraphs 6.35(3) and 6.35(5) of the Listing Requirements in relation to the Proposed Bonus Issue of Shares.

This announcement is dated 13 July 2015.