ANNOUNCEMENT DETAILS

MULTIPLE PROPOSALS THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY") I. PROPOSED BONUS ISSUE; II. PROPOSED ESOS; III. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND IV. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

THREE-A RESOURCES BERHAD
Announcement Date 13 Sep 2016
Type Announcement
Subject MULTIPLE PROPOSALS
Description THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY")

I. PROPOSED BONUS ISSUE;

II. PROPOSED ESOS;

III. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

IV. PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of 3A (“Board”), RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following proposals:

(i) proposed bonus issue of 98,400,004 new ordinary shares of RM0.20 each in 3A (“3A Share(s)”) (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every four (4) existing 3A Shares held on an entitlement date to be determined later (“Proposed Bonus Issue”);

(ii) proposed establishment of an employees’ share option scheme (“Scheme”) of up to 10% of the issued and paid-up share capital of 3A (excluding treasury shares, if any) to eligible Directors and employees of 3A, and its subsidiaries (“3A Group” or the “Group”) (“Proposed ESOS”);

(iii) proposed increase in the authorised share capital of 3A from RM100,000,000 comprising 500,000,000 3A Shares to RM250,000,000 comprising 1,250,000,000 3A Shares (“Proposed Increase in Authorised Share Capital”); and

(iv) proposed amendments to the memorandum and articles of association of 3A (“Proposed Amendments”)

Further details of the Proposals are set out in the attachment below.

Attachments
3a-multiple-proposals-2016.pdf
211.9 kB