|Announcement Date||09 Nov 2016|
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")
The terms used herein shall have the same meanings as those defined in the announcement made on 13 September 2016 unless otherwise stated.
We refer to the announcement dated 13 September 2016 in relation to the Proposals.
On behalf of the Board, RHB Investment Bank wishes to announce that the Board has, after careful deliberation, decided to abort the Proposed ESOS as the Company is evaluating alternative incentive schemes for its employees. As a result of this, the Company will not proceed with the Proposed Increase in Authorised Share Capital and the Proposed Amendments as the current authorised share capital of the Company is sufficient to accommodate the increase in the issued and paid-up share capital of the Company pursuant to the issuance of the Bonus Shares.