General Announcement
23/06/2004KNM GROUP BERHAD (KNM OR COMPANY)
KNM GROUP BERHAD |
Type | Announcement |
Subject | KNM GROUP BERHAD (KNM OR COMPANY) |
Contents :
- · PROPOSED PRIVATE PLACEMENT OF UP TO 5,060,000 NEW ORDINARY SHARES OF RM1.00 EACH IN KNM (KNM SHARES) (PLACEMENT SHARES), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF RM3.50 EACH (PROPOSED PLACEMENT);
· PROPOSED BONUS ISSUE OF UP TO 27,830,000 NEW ORDINARY SHARES OF RM1.00 EACH IN KNM (BONUS SHARES), TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (PROPOSED BONUS ISSUE);
· PROPOSED SHARE SPLIT OF EVERY ONE (1) EXISTING KNM SHARE INTO TWO (2) NEW ORDINARY SHARES OF RM0.50 EACH (SUBDIVIDED KNM SHARES) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (PROPOSED SHARE SPLIT);
· PROPOSED EMPLOYEES SHARE OPTION SCHEME (ESOS) FOR ELIGIBLE EMPLOYEES AND DIRECTORS OF KNM AND ITS SUBSIDIARIES (KNM GROUP) (PROPOSED ESOS);
· PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF KNM FROM RM50,000,000 COMPRISING 50,000,000 KNM SHARES TO RM200,000,000 COMPRISING 400,000,000 SUBDIVIDED KNM SHARES (PROPOSED CAPITAL INCREASE); AND
· PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION TO ENABLE THE NON-EXECUTIVE DIRECTORS TO PARTICIPATE IN THE PROPOSED ESOS
(COLLECTIVELY REFERRED TO AS THE PROPOSALS)
Further to our announcement on 22 June 2004, the Securities Commission (SC) (on behalf of the Foreign Investment Committee (FIC)) via its letter dated 15 June 2004, which was received on 17 June 2004, approved the Proposed Placement under the Guidelines for the Regulation of Acquisition of Assets, Mergers and Takeovers 1974 issued by the FIC. Conditions imposed by the SC are set out in our earlier announcement on 22 June 2004.
This announcement is dated 23 June 2004.
Announcement Info
Company Name | KNM GROUP BERHAD |
Stock Name | KNM |
Date Announced | 23 Jun 2004 |
Category | General Announcement |
Reference No | MM-040622-68934 |
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