Multiple Proposals CuscapiBerhad (“Cuscapi” or the “Company”) I. Proposed Transfer of the Listing of and Quotation for the Entire Issued and Paid-up Share Capital of Cuscapi from Ace Market to the Main Market of Bursa Malaysia Securities Berhad (“Proposed Transfer”) II. Proposed Renounceable Rights Issue of up to 146,749,640 New Ordinary Shares of RM 0.q0 each in Cuscapi (“Cuscapi Share(s)” or “Share(s)”) (“Rights Share(s)”) on the Basis of One (1) Rights Share for Every Two (2) Existing Cuscapi Shares Held by the Entitled Shareholders, Together with up to 146,749,640 Free Detachable Warrants in Cuscapi (“Warrant(s)” on the Basis of One (1) Free Warrant for Every One (1) Rights Share Subscribe for, on an Entitlement Date to be Determined Later (“Proposed Rights Issue With Warrants); III. Proposed Bonus Issue of up to 73,374m820 New Cuscapi Shares (“Bonus Share(s)”) on the Basis of One (1) Bonus Share for Every Two (2) Rights Shares Subscribed for by the Entitled Shareholders of Cuscapi and/or Their Renouncee(s) Pursuant to the Proposed Rights Issue with Warrants (“Proposed Bonus Issue”); IV. Proposed Increase in the Authorised Share Capital of Cuscapi from RM 60,000,000 comprising 600,000,000 Cuscapi Shares to RM 120,000,000 comprising 1,200,000,000 Cuscapi Shares (“Proposed Increase in Authorised Share Capital”); and V. Proposed Amendments to the Memorandum and Articles of Association of Cuscapi (“Proposed Amendments”) (Collectively referred to as the “Proposals”)
CuscapiBerhad
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.
We refer to the announcements made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of Cuscapi ("Board"), on 26 November 2012 and 11 January 2013.
On behalf of the Board, OSK wishes to announce thatBursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 16 January 2013, resolved to approve the following:-
i. Listing of up to146,749,640Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
ii. Listing of up to73,374,820Bonus Shares to be issued pursuant to the Proposed Bonus Issue;
iii. Admission to the Official List and listing of and quotation for up to146,749,640Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;
iv. Listing of up to146,749,640new Cuscapi Shares to be issued pursuant to the exercise of the Warrants.
The approval by Bursa Securities for theProposed Rights Issue with Warrantsand Proposed Bonus Issue is subject to the following conditions:-
i.Cuscapi and OSK must fully comply with the relevant provisions underthe ACE Market Listing Requirements of Bursa Securities ("Listing Requirements")pertaining to the implementation of the Proposed Rights Issue with Warrantsand Proposed Bonus Issue;
ii. Cuscapi and OSK to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrantsand Proposed Bonus Issue;
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 Rights Issue with Warrants and Proposed Bonus Issue are completed;
iv. Cuscapi to furnish Bursa Securities on a quarterly basis, a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable;
v. Cuscapi and OSK are required to make the relevant announcements pursuant to Rule 6.36(2)(a) and (b), 6.36(3) and 6.36(5) of the Listing Requirements; and
vi. Inform Bursa Malaysia Depository SdnBhd ("Bursa Depository") on the actual number of Bonus Shares to be issued and the latest issued and paid-up share capital of Cuscapi (after the Bonus Shares) when submitting the allotment information to Bursa Depository for the crediting of the new Bonus Shares.
This announcement is dated 17 January 2013.