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Multiple Proposals

Apr 27, 2012

Date Announced : 27/04/2012  

 

Type : Announcement
Subject :
MULTIPLE PROPOSALS

Description :
EKOVEST BERHAD (“EKOVEST” OR THE “COMPANY”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED EMPLOYEES SHARE OPTION SCHEME (“ESOS”) FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF EKOVEST AND ITS SUBSIDIARIES (“PROPOSED ESOS”); AND

(III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (“PROPOSED IASC”) OF THE COMPANY

(COLLECTIVELY REFERRED TO AS “PROPOSALS”)

Announcement Details/Table Section :

 

 

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcements dated 30 January 2012 and 29 February 2012.)

We refer to our announcements dated 30 January 2012 and 29 February 2012, respectively, in relation to the above matter.

On behalf of the Board of Directors of the Company, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that CIMB had on even date, submitted an application to Bursa Securities to seek an extension of time to comply with Section 9.33(1)(a) of the Listing Requirements in relation to the submission of the draft circular to the shareholders of Ekovest for the Proposals.

This announcement is dated 27 April 2012.
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