We refer to the announcements made on 5
September 2014, 8 September 2014 and 23 October 2014 in relation to the
Proposed Private Placement (Announcements).
Unless otherwise defined, the definitions set out in the Announcements shall
apply herein.
On behalf of SerSol, TA Securities wishes to announce that Bursa
Securities had, vide its letter dated 24 October 2014, approved the listing of
and quotation for up to 32,305,000 new SerSol Shares to be issued pursuant to
the Proposed Private Placement subject to the following conditions:
(i) SerSol and TA Securities
must fully comply with the relevant provisions under the Bursa Securities ACE
Market Listing Requirements (LR) pertaining to the implementation of
the Proposed Private Placement;
(ii) SerSol and TA Securities
to inform Bursa Securities upon the completion of the Proposed Private
Placement;
(iii) SerSol to furnish Bursa
Securities with a written confirmation of its compliance with the terms and
conditions of Bursa Securities approval once the Proposed Private Placement is
completed; and
(iv) TA Securities to furnish
Bursa Securities with details of the placees as per Rule 6.16 of the LR, prior
to the issuance/allotment of shares to placees, together with confirmation that
the placees do not fall within any of the category of persons specified in Rule
6.05(c) of the LR.
SerSol is required to ensure full
compliance of all the requirements as provided under the LR at all times.
This announcement is dated 27
October 2014.