NEW ISSUE OF SECURITIES - BONUS ISSUES
P.I.E. INDUSTRIAL BERHAD (“PIB” OR THE “COMPANY”)
PROPOSED BONUS ISSUE OF UP TO 12,801,400 NEW ORDINARY SHARES OF RM1.00 EACH IN PIB (“PIB SHARE(S)” OR “SHARE(S)”) (“BONUS SHARE(S)”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING PIB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Bonus Issue.
We refer to our earlier announcements dated 21 February 2014 and 20 March 2014.
On behalf of the Board of Directors of PIB, RHB Investment Bank Berhad (“RHBIB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 28 March 2014, resolved to approve the listing of and quotation for up to 12,801,400 Bonus Shares, subject to the following conditions:-
i. PIB and RHBIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“LR”) pertaining to the implementation of the Proposed Bonus Issue;
ii. PIB and RHBIB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
iii. PIB 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 is completed;
iv. PIB or RHBIB to furnish Bursa Securities a certified true copy of the relevant resolution passed by the shareholders in general meeting approving the Proposed Bonus Issue; and
v. PIB and RHBIB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the LR.
This announcement is dated 31 March 2014.