MULTIPLE PROPOSALS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") (I) RIGHTS ISSUE WITH WARRANTS; (II) ESOS; (III) INCREASE IN AUTHORISED SHARE CAPITAL; AND (IV) M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY")

(I)	RIGHTS ISSUE WITH WARRANTS;
(II)	ESOS;
(III)	INCREASE IN AUTHORISED SHARE CAPITAL; AND
(IV)	M&A AMENDMENTS 

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous announcements.

Reference is made to the announcements dated 16 April 2015, 15 June 2015, 16 June 2015, 3 July 2015, 17 September 2015, 8 October 2015, 18 January 2016, 20 January 2016, 17 June 2016 and 23 June 2016 in relation to the Corporate Exercises and the abridged prospectus of the Company dated 13 July 2016.

On behalf of the Board, PIVB wishes to announce that the Board has decided to extend the closing time and date for acceptance and payment as well as excess Rights Shares with Warrants application and payment from 5.00 p.m. on Thursday, 28 July 2016 to 5.00 p.m. on Thursday, 11 August 2016 (“Extended Closing Date”).

In arriving at the above decision, the Board had taken into consideration the recent market developments and is of the view that the Extended Closing Date will provide Entitled Shareholders with more time to consider the merits of the Rights Issue with Warrants and in making their decisions to subscribe for the Rights Shares with Warrants.

Pursuant to the Extended Closing Date, the date of announcement of final subscription results and basis of allotment of excess Rights Shares with Warrants have been rescheduled to 18 August 2016 while the listing date of the Rights Shares with Warrants have been rescheduled to 25 August 2016.

Save for the Extended Closing Date, there are no other changes to the disclosure in the abridged prospectus of the Company dated 13 July 2016..

This announcement is dated 26 July 2016.






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 26 Jul 2016
Category General Announcement for PLC
Reference Number GA1-25072016-00051