Document Submission

22/04/2016

Circular/Notice to Shareholders

O&C RESOURCES BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 735,074,052 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.05 EACH IN O&C RESOURCES BERHAD (FORMERLY KNOWN AS TAKASO RESOURCES BERHAD) ("OCR") ("ICPS") ON THE BASIS OF THREE (3) ICPS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.25 EACH IN OCR ("OCR SHARE" OR "SHARE") HELD, TOGETHER WITH UP TO 73,507,405 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) ICPS SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS"); (II) PROPOSED DIVERSIFICATION OF THE BUSINESS OF OCR AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT BUSINESS; (III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF OCR FROM RM100,000,000 COMPRISING 400,000,000 OCR SHARES TO RM500,000,000 COMPRISING 1,600,000,000 OCR SHARES AND 2,000,000,000 ICPS TO FACILITATE THE PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND (IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF OCR TO FACILITATE THE PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS AND THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL


Please refer attachment below.

Attachments

OCR - Circular (final).pdf
1.3 MB


Announcement Info

Company Name O&C RESOURCES BERHAD
Stock Name OCR
Date Announced 22 Apr 2016
Category Document Submission
Reference Number DCS-22042016-00003


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