We refer to the announcements dated 20 December 2010, 30 December 2010, 26 January 2011, 27 May 2011 and 28 December 2011 in relation to the Proposals (Announcements). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of SerSol, PM Securities wishes to announce that Bursa Securities had vide its letter dated 30 December 2011 resolved to approve the application for the listing and quotation for up to 8,064,000 new SerSol Shares to be issued pursuant to the Proposed Special Bumiputera Issue subject to the following conditions:
SerSol and PM Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (ACE LR) pertaining to the implementation of the Proposed Special Bumiputera Issue;
- SerSol and PM Securities to inform Bursa Securities upon the completion of the Proposed Special Bumiputera Issue;
- SerSol to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities approval once the Proposed Special Bumiputera Issue is completed; and
- the 1,244,000 Special Bumiputera Shares for which Bumiputera investors have not yet been identified, can only be issued after the Ministry of International Trade and Industry has approved the Bumiputera investors to be nominated to subscribe for these shares.
SerSol is required to ensure full compliance of all the requirements as provided under the ACE LR at all times.
This announcement is dated 30 December 2011.