(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcements, where applicable, unless stated otherwise or defined herein.)
Reference is made to the Companys announcements dated 26 February 2014 and 27 March 2014 in relation to the Proposals.
On behalf of the Board of Directors of STB, Public Investment Bank Berhad (PIVB) wishes to announce that Bursa Malaysia Securities Berhad (Bursa Securities) had, vide its letter dated 23 May 2014 (which was received after 6.00 pm), approved the following:
(i) admission to the Official List of Bursa Securities and the listing of and quotation for up to 429,927,880 Warrants C to be issued pursuant to the Proposed Rights Issue With Warrants; and
(ii) listing of and quotation for:
(a) up to 644,891,820 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(b) up to 429,927,880 new STB Shares to be issued arising from the full exercise of the Warrants C;
(c) such number of new STB Shares to be issued pursuant to the exercise of the Options to be granted under the Proposed ESOS, representing up to thirty percent (30%) of the prevailing issued and paid-up share capital of STB (excluding treasury shares) subject to the following conditions:
(aa) PIVB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Rule 6.44(1) of the ACE Market Listing Requirements of Bursa Securities (ACE LR) and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESOS; and
(bb) STB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Options under the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.
The approval granted by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:
(i) STB and PIVB must fully comply with the relevant provisions under the ACE LR pertaining to the implementation of the Proposed Rights Issue with Warrants;
(ii) STB and PIVB to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;
(iii) STB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities approval once the Proposed Rights Issue with Warrants is completed;
(iv) STB is required to furnish Bursa Securities on a quarterly basis, a summary of the total number of shares listed pursuant to the exercise of the Warrants C as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 26 May 2014.