We refer to the announcements made on 30
March 2015 and 31 March 2015 in relation to the Proposals (“Announcements”). Unless otherwise
defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa
Securities had, vide its letter 13 April 2015, resolved to approve the
following:
the listing of and quotation for up to 7,624,000 Placement Shares to be
issued pursuant to the Proposed Private Placement; and
the listing of such number of new LHB Shares, representing up to fifteen
percent (15%) of the issued and paid-up share capital of LHB (excluding
treasury shares, if any), to be issued pursuant to the exercise of options
under the Proposed SIS.
The approval by Bursa Securities is subject to the following conditions:
Proposed Private Placement
the Placement Shares should be placed out only to institutional
investors;
TA Securities should submit the list of identified placees for Bursa
Securities’ clearance prior to placing out the shares to the institutional
investors;
LHB and TA Securities must fully comply with the relevant provisions
under the Listing Requirements pertaining to the implementation of the Proposed
Private Placement;
LHB and TA Securities to inform Bursa Securities upon the completion of
the Proposed Private Placement;
LHB 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
incorporation of Bursa Securities’ comments in the circular to
shareholders.
Proposed SIS
TA Securities is required to submit a confirmation to Bursa Securities
of full compliance of the Proposed SIS pursuant to Paragraph 6.43(1) of the
Listing Requirements and stating the effective date of implementation together
with a certified true copy of the resolution passed by the shareholders at
general meeting approving the Proposed SIS;
TA Securities is required to furnish Bursa Securities on a quarterly
basis a summary of the total number of shares listed pursuant to the exercise
of options under the Proposed SIS as at the end of each quarter together with a
detailed computation of listing fees payable; and
incorporation of Bursa Securities’ comments in the circular to
shareholders.
This announcement is dated 14 April 2015.