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Submitting Merchant Bank
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MAYBANK INVESTMENT BANK BERHAD
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Company Name
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PRESS METAL BERHAD
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Stock Name
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PMETAL
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Date Announced
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06/01/2014
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Type
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Announcement
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Subject
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Description
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PRESS METAL BERHAD ("PMB" OR "COMPANY")
PROPOSED EXEMPTION TO ALPHA MILESTONE SDN BHD ("AMSB") AND PERSONS ACTING-IN-CONCERT WITH AMSB ("PACs") UNDER SECTION 219 OF THE CAPITAL MARKETS AND SERVICES ACT, 2007 ("CMSA") AND PRACTICE NOTE 9 PARAGRAPH 16.1 (C) OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 ("CODE") FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING SHARES AND CONVERTIBLE SECURITIES IN PRESS METAL BERHAD NOT ALREADY HELD BY AMSB AND THE PACs UPON THE ISSUANCE OF THE NEW ORDINARY SHARES OF RM0.50 EACH IN PMB ("PMB SHARES" OR "SHARES") ARISING FROM THE CONVERSION OF RM233,903,692 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS ("2011/2019 RCSLS") BY AMSB AND ONG SOO FAN ("PROPOSED EXEMPTION")
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Attachments
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Press Metal - Proposed Exemption.pdf
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Announcement Details/Table Section :
On behalf of the Board of Directors of PMB, Maybank Investment Bank Berhad is pleased to announce that the Company is proposing to undertake the Proposed Exemption.
Please refer to the attachment for further details on the Proposed Exemption.
This announcement is dated 6 January 2014.
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© 2014, Bursa Malaysia Berhad. All Rights Reserved.
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