|Reference No OI-110428-59029|
|Submitting Merchant Bank||:||OSK INVESTMENT BANK BERHAD|
|Company Name||:||CAREPLUS GROUP BERHAD (ACE Market)|
|Admission Sponsor||:||OSK Investment Bank Bhd|
|Sponsor||:||Same as above|
|Subject||:||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
|Description||:||CAREPLUS GROUP BERHAD (“CAREPLUS” OR THE “COMPANY”)PROPOSED BONUS ISSUE OF 105,000,000 WARRANTS IN CAREPLUS (“WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN CAREPLUS (“CAREPLUS SHARES” OR “SHARES”) ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”); AND
PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CAREPLUS (“PROPOSED PRIVATE PLACEMENT”)
(COLLECTIVELY REFERRED HEREINAFTER AS THE “PROPOSALS”)
|Attachments||:||Announcement on Proposed Bonus Issue of Warrants Proposed Private Placement 4.pdf|
|Announcement Details/Table Section :
On behalf of the Board of Directors of Careplus, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(a) a bonus issue of 105,000,000 Warrants on the basis of one (1) free Warrant for every two (2) existing Careplus Shares held on an entitlement date to be determined later ("Proposed Bonus Issue of Warrants"); and(b) a private placement of up to twenty percent (20%) of the issued and paid-up share capital of the Company, to investors to be identified ("Proposed Private Placement")
(collectively referred hereinafter as the “Proposals”).
Further details on the Proposals are set out in the file attached herein.
This announcement is dated 28 April 2011.