Download New Issue of Securities (Chapter 6 of Listing Requirements): Fund

New Issue of Securities (Chapter 6 of Listing
Requirements): Fund Raising Cuscapi Berhad (“Cuscapi or
the “Company”) Proposed Private Placement of up to 10%
of the Issued and Paid – Up Share Capital of Cuscapi
(“Proposed Private Placement”)
CUSCAPI BERHAD
Type
Announcement
Subject
New Issue of Securities (Chapter 6 of Listing Requirements)
Fund Raising
Description
Cuscapi Berhad (“Cuscapi or the “Company”) Proposed Private
Placement of up to 10% of the Issued and Paid – Up Share Capital of
Cuscapi (“Proposed Private Placement”)
We refer to the announcements made by Kenanga Investment Bank Berhad
(“KIBB”), on behalf of the Board of Directors of Cuscapi (“Board”) on 20 September
2011, 22 September 2011 and 4 October 2011 in respect of the Proposed Private
Placement.
Further to the above, KIBB, on behalf of the Board, is pleased to announce that
Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7
October 2011 (“Approval Letter”) approved the listing and quotation for up to
22,243,000 new ordinary shares of RM0.10 each in Cuscapi to be issued pursuant
to the Proposed Private Placement, on the ACE Market of Bursa Securities, subject
to the following conditions:(i) Cuscapi and KIBB must fully comply with the relevant provisions under Bursa
Securities ACE Market Listing Requirements (“AMLR”) pertaining to the
implementation of the Proposed Private Placement;
(ii) Cuscapi and KIBB to inform Bursa Securities upon completion of the Proposed
Private Placement; and
(iii) Cuscapi 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.
In the event the new ordinary shares to be issued pursuant to the Proposed Private
Placement will be listed and quoted as the existing securities of the same class,
quotation of the new ordinary shares will commence on the next market day after
the following:(i) Submission of the share certificate together with a covering letter containing the
summary of the Proposed Private Placement to Bursa Malaysia Depository Sdn
Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing
date;
Receipt of confirmation from Bursa Depository that the additional new shares are
ready for crediting into the respective account holders; and
(iii) An announcement in accordance to paragraph 12.2 of Guidance Note 17 is
submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing
date.
Cuscapi is required to ensure full compliance of all the requirements as provided
under the AMLR at all times.
Further to the above, pursuant to paragraph 6.60(1) of the AMLR, a listed
corporation must complete the implementation of a proposal relating to an issuance
of securities within six (6) months from the date of Bursa Securities’ approval for the
listing application. As such, pursuant to the Approval Letter, Cuscapi is required to
complete the Proposed Private Placement by 6 April 2012.
This announcement is dated 7 October 2011.