| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE
(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 96,351,000 NEW ORDINARY SHARES OF RM0.10 EACH IN SERSOL ( SERSOL SHARESэ?) ( RIGHTS SHARESэ?), TOGETHER WITH UP TO 96,351,000 FREE DETACHABLE NEW WARRANTS ( WARRANTSэ?) ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) WARRANT FOR EVERY ONE (1) EXISTING SERSOL SHARE HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER;
(II) PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME OF UP TO THIRTY PERCENT (30%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SERSOL (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SERSOL AND ITS SUBSIDIARIES;
(III) PROPOSED CHANGE OF COMPANYS NAME FROM SERSOL TECHNOLOGIES BERHAD TO SERSOL BERHAD;
(IV) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF SERSOL FROM RM25,000,000 COMPRISING 250,000,000 SERSOL SHARES TO RM50,000,000 COMPRISING 500,000,000 SERSOL SHARES; AND
(V) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF SERSOL |