Date: 28 April 2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING Peterlabs Holdings Berhad (PLabs or the Company) PROPOSED SPECIAL BUMIPUTERA ISSUE


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description Peterlabs Holdings Berhad (PLabs or the Company)

PROPOSED SPECIAL BUMIPUTERA ISSUE

Reference is made to the Company's announcement dated 27 April 2016 in relation to the Proposed Special Bumiputera Issue. Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the abovementioned announcement.

On behalf of the Board of Directors of PLabs, RHB Investment Bank Berhad wishes to further clarify on the announcement dated 27 April 2016 in relation to the Proposed Special Bumiputera Issue.

The SC(ECU) had via its approval letter for PLabs' initial public offering dated 22 December 2010 imposed the condition on PLabs to allocate to Bumiputera public investors recognised by the Ministry of International Trade and Industry ("MITI"), a portion of interest in PLabs, which is the difference between the prescribed equity requirement of 12.50% of its enlarged issued and paid-up share capital and the actual equity interest allocated to Bumiputera investors from the public balloting, within one (1) year after achieving the profit track record requirement for companies seeking listing on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities"), or five (5) years after being listed on ACE Market of Bursa Securities, whichever is earlier ("Bumiputera Equity Condition").

Based on the Record of Depositors from the public balloting, a portion of the equity interest of the Company had been allocated to Bumiputera investors. For the purpose of complying with the Bumiputera Equity Condition, the Company has submitted an application to SC(ECU) to undertake the Proposed Special Bumiputera Issue, by topping up the difference between the prescribed equity requirement of 12.50% of PLabs enlarged issued and paid-up share capital and the percentage of equity interest which had been allocated to its Bumiputera investors via public balloting when the Company was listed on 26 July 2011.

Further details on the final percentage of the equity interest of PLabs to be allocated to Bumiputera investors recognised by MITI will be announced upon receipt of the SC(ECU)'s decision.

 

This announcement is dated 28 April 2016.