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

Reference No :GA1-22102015-00067

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES WZ SATU BERHAD (“WZ SATU” OR THE “COMPANY”) (I) PROPOSED PRIVATE PLACEMENT (II) PROPOSED BONUS ISSUE (III) PROPOSED LONG TERM INCENTIVE PLAN (IV) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (V) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 22 OCT  2015
WZ SATU BERHAD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
WZ SATU BERHAD ("WZ SATU" OR THE "COMPANY")

(I)	PROPOSED PRIVATE PLACEMENT
(II)	PROPOSED BONUS ISSUE
(III)	PROPOSED LONG TERM INCENTIVE PLAN
(IV)	PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL
(V)	PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of WZ Satu, Hong Leong Investment Bank Berhad wishes to announce that WZ Satu proposes to undertake the following:

  1. a private placement of up to 25,290,900 new ordinary shares of RM0.50 each in WZ Satu (“WZ Satu Shares”), representing up to 10% of the existing issued and paid-up share capital of the Company;
  2. a bonus issue of up to 74,575,827 new WZ Satu Shares (“Bonus Shares”) on the basis of 1 Bonus Share for every 5 existing WZ Satu Shares held on an entitlement date to be determined later;
  3. the establishment of a long term incentive plan for the eligible executives of WZ Satu and its subsidiaries (excluding dormant subsidiaries) and executive directors of the Company, comprising an executive share option scheme and an executive share grant scheme;
  4. increase in the authorised share capital of WZ Satu from RM250,000,000 comprising 500,000,000 WZ Satu Shares to RM375,000,000 comprising 750,000,000 WZ Satu Shares; and
  5. amendments to the Memorandum and Articles of Association of WZ Satu.

Kindly refer to the attached document for the details of the Proposals.

This announcement is dated 22 October 2015.



Please refer attachment below.

Attachments

WZ Satu Berhad – Proposals.pdf
244.1 kB