Date: 18 May 2015

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PeterLabs Holdings Berhad (PLabs or the Company) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PLABS (PROPOSED PRIVATE PLACEMENT)


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

PeterLabs Holdings Berhad (PLabs or the Company)

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PLABS (PROPOSED PRIVATE PLACEMENT)

Reference is made to the Company's announcement dated 30 March 2015 and 27 April 2015 in relation to the Proposed Private Placement. Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the abovementioned announcements.

On behalf of the Board of Directors of PLabs, RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 18 May 2015, approved the listing of and quotation of up to 18,800,000 new ordinary shares of RM0.10 each to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

  1. PLabs and RHB Investment Bank must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
  2. PLabs and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement;
  3. PLabs to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed; and 
  4. Certified true copy of the resolution passed by shareholders in the general meeting, approving the Proposed Private Placement, in the event the current mandate has expired.

This announcement is dated 18 May 2015.