Jadi Imaging Technologies Sdn Bhd NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES - Jadi Imaging Technologies Sdn Bhd

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES

October 15, 2014 at 12:00 am
General Announcement
Reference No OD-141015-58299

Submitting Merchant Bank
:
HWANGDBS INVESTMENT BANK BERHAD
Company Name
:
JADI IMAGING HOLDINGS BERHAD
Stock Name
:
JADI
Date Announced
:
15/10/2014
Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
:
JADI IMAGING HOLDINGS BERHAD (“JADI” OR “COMPANY”)

(I) PROPOSED BONUS ISSUE; AND

(II) PROPOSED TWO-CALL RIGHTS ISSUE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Announcement Details/Table Section :


The terms used herein shall, unless the
context otherwise stated, bear the same meaning as those defined in the
announcement dated 17 July 2014 and 17 September 2014 in relation to the
Proposals.

We refer
to the announcements dated 17 July 2014, 17 September 2014 and 19 September
2014 in relation to the Proposals.

On
behalf of JADI, AFFIN Hwang Investment Bank Berhad (formerly known as HwangDBS
Investment Bank Berhad) (“
AFFIN Hwang IB”)
wishes to announce that Bursa Securities has vide its letter dated 14 October
2014, approved the following:


(i)admission to the Official
List and the listing of and quotation for up to 103,270,741 Warrants 2014/2024 to
be issued pursuant to the Proposed Two-Call Rights Issue;

(ii)listing of and quotation for
up to 309,812,224 Rights Shares to be issued pursuant to the Proposed Two-Call
Rights Issue;

(iii)listing of and quotation for
up to 309,812,224 Bonus Shares to be issued pursuant to the Proposed Bonus
Issue;


(iv)listing of and quotation for
up to 103,270,741 new JADI Shares arising from the exercise of the Warrants
2014/2024;


(v)listing of and quotation for
up to 161,864,601 Additional Warrants 2010/2015 to be issued pursuant to the adjustments
made arising from the Proposals; and

(vi)listing of and quotation for
up to 161,864,601 new JADI Shares arising from the exercise of the Additional
Warrants 2010/2015.

The approval by Bursa
Securities for the Proposals is subject to the following conditions:

(i)JADI
and AFFIN Hwang IB, being the principal adviser, must fully comply with the
relevant provisions under the Listing Requirements pertaining to the
implementation of the Proposals;

(ii)JADI and AFFIN Hwang IB to
inform Bursa Securities upon the completion of the Proposals;

(iii)JADI to furnish Bursa
Securities with a written confirmation of its compliance with the terms and
conditions of Bursa Securities’ approval once the Proposals are completed;

(iv)JADI and AFFIN Hwang IB are required to make the relevant announcements
pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Listing
Requirements pertaining to the Proposed Bonus Issue;

(v)A certified true copy of the resolution passed by shareholders at the
EGM for the Proposals;

(vi)JADI to furnish Bursa Securities on a quarterly basis a summary of the
total number of shares listed pursuant to the exercise of the Warrants
2014/2024 as at the end of each quarter together with a detail computation of
listing fees payable; and

(vii)To incorporate Bursa Securities’
comments in respect of the draft Circular to shareholders.

This announcement is dated 15 October 2014.