News

Circular/Notice to Shareholders

BackAug 28, 2020
Subject PRESTARIANG BERHAD ("PRESTARIANG" OR "THE COMPANY") - CIRCULAR TO SHAREHOLDERS IN RELATION TO:- I. PROPOSED PRIVATE PLACEMENT OF 79,579,740 NEW ORDINARY SHARES IN PRESTARIANG BERHAD ("PRESTARIANG" OR THE "COMPANY") ("PRESTARIANG SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)") AT AN ISSUE PRICE OF RM0.350 PER PLACEMENT SHARE TOGETHER WITH 79,579,740 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 PLACEMENT SHARE ISSUED; II. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 176,843,866 NEW PRESTARIANG SHARES ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM 0.200 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 3 EXISTING PRESTARIANG SHARES HELD, TOGETHER WITH UP TO 176,843,866 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; AND III. PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN, WHICH COMPRISES THE PROPOSED EMPLOYEE SHARE OPTION SCHEME AND THE PROPOSED SHARE GRANT PLAN, OF UP TO 15% OF THE ISSUED SHARE CAPITAL OF PRESTARIANG (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE DURATION OF THE LONG TERM INCENTIVE PLAN, FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF PRESTARIANG AND ITS SUBSIDIARY COMPANIES, WHICH ARE NOT DORMANT, WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LONG TERM INCENTIVE PLAN.

 

Please refer attachment below.

 

Announcement Info

Company Name PRESTARIANG BERHAD
Stock Name PRESBHD
Date Announced 28 Aug 2020
Category Document Submission
Reference Number DCS-28082020-00051

 

 

Attachments

  1. Prestariang_Berhad_-_Circular.pdf (Size: 2,345,237 bytes)
  2. Prestariang_Berhad_-_Notification_to_shareholders.pdf (Size: 391,700 bytes)
  3. Admin_Guide_for_EGM.pdf (Size: 237,999 bytes)