Corporate exercise
Following are the corporate exercises and the announcements regarding the exercises.
MULTIPLE PROPOSALS
Share Split
Share split involving a subdivision of every 1 existing ordinary share in Reneuco into 4 Reneuco Shares.
Issuance of Free Warrants
Issuance of up to 150,776,882 free warrants in Reneuco on the basis of 1 Warrant for every 3 Subdivided Shares.
PROPOSED SHARE BUY-BACK AUTHORITY
Proposed share buy-back authority for the purchase of up to 10% of the total number of issued shares of the Company.
Announcements
MULTIPLE PROPOSALS
Private Placement II
Private placement of up to 29,317,727 new ordinary shares in Reneuco or up to 58,635,454 new Subdivided Shares, representing up to 35% of the Company’s issued ordinary share capital.
Share Split
Subdivision of every 1 existing Reneuco Share held on an entitlement date to be determined by the Board and announced at a later date (“Entitlement Date”) into 2 Reneuco Shares.
PRIVATE PLACEMENT I
Private Placement entails an issuance of up to 7,614,994 new Reneuco Shares, representing up to approximately 10% of the Company’s total number of issued shares.
MANDATORY TAKE-OVER
Mandatory Take-Over Offer by RHB Investment Bank Berhad on Behalf of Dato' Dr. Ir. Mohd Abdul Karim bin Abdullah ("Offeror") to acquire all the remaining ordinary shares in KPB not already owned by the Offeror ("Offer Shares") at a cash consideration of RM1.00 per Offer Share.