We refer to the announcements made on 5 October 2012 and 17 Oct 2012 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 dated 30 October 2012 (which was received on 31 October 2012), approved the following:
(i) Listing and quotation for 250,800,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;
(ii) Admission to the official list of ACE Market of Bursa Securities and the listing of and quotation for 250,800,000 Warrants to be issued pursuant to the Proposed Free Warrants Issue; and
(iii) Listing of and quotation for up to 250,800,000 new AMEDIA Shares arising from the exercise of the Warrants.
The approval granted by Bursa Securities for the Proposed Bonus Issue of Shares and Proposed Free Warrants Issue are subject to the following conditions:-
(i) AMEDIA and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Bonus Issue and Proposed Free Warrants Issue;
(ii) AMEDIA and TA Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue and Proposed Free Warrants Issue;
(iii) AMEDIA to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue and Proposed Free Warrants are completed;
(iv) AMEDIA and TA Securities are required to make the relevant announcements pursuant to Rule 6.36(2)(a)&(b) and 6.36(4) of the LR; and
(v) AMEDIA to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at end of each quarter together with a detailed computation of listing fees payable.