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TMC LIFE SCIENCES BERHAD (MESDAQ Market)
Stock Name
:
TMCLIFE
Date Announced
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05/05/2008
Type
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Announcement
Subject
:
- TMC LIFE SCIENCES BERHAD ("TMC" OR "COMPANY")• PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF TMC FROM THE EXISTING RM25,000,000 COMPRISING 250,000,000 ORDINARY SHARES OF RM0.10 EACH IN TMC ("TMC SHARES") TO RM100,000,000 COMPRISING 1,000,000,000 TMC SHARES BY THE CREATION OF AN ADDITIONAL 750,000,000 ORDINARY SHARES OF RM0.10 EACH ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL");
- PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 185,163,000 NEW ORDINARY SHARES OF RM0.10 EACH IN TMC ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING TMC SHARE HELD, ON AN ENTITLEMENT DATE TO BE DETERMINED, AT AN INDICATIVE ISSUE PRICE OF RM0.20 PER RIGHTS SHARE ("PROPOSED RIGHTS ISSUE");
- PROPOSED BONUS ISSUE OF 231,453,750 NEW ORDINARY SHARES OF RM0.10 EACH IN TMC ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF FIVE (5) BONUS SHARES FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED BY THE EXISTING SHAREHOLDERS OF TMC AND/OR THEIR RENOUNCEES PURSUANT TO THE PROPOSED RIGHTS ISSUE ("PROPOSED BONUS ISSUE");
- • PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF TMC FROM THE MESDAQ MARKET TO THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") AFTER THE PROPOSED RIGHTS ISSUE AND PROPOSED BONUS ISSUE ("PROPOSED TRANSFER"); AND• PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF TMC ("PROPOSED AMENDMENTS")(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
- TMC Life Sciences Berhad ("the Company") is pleased to announce that the Board of Directors of the Company has proposed a first and final tax exempt dividend of 7.5% per ordinary share for the financial year ended 31 December 2007 subject to the Shareholders’ approval at the forthcoming Annual General Meeting.
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