News
Advance Synergy Berhad (ASB Or Company) Proposed Extension Of The Duration And Exercise Period Of ASB's Outstanding Warrants 2000/2003 By Five (5) Years From 28 August 2003 Up To And Including 28 August 2008 And Thereafter The Option To Extend The Exercise period For A Further Period Of Two (2) Years Expiring On 28 August 2010 (Proposed Warrants Extension)
BackJul 23, 2003
| General Announcement Reference No MI-030723-62726 |
| Submitting Merchant Bank | : | SOUTHERN INVESTMENT BANK BERHAD |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 23/07/2003 |
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| Type | : | Announcement |
| Subject | : | Advance Synergy Berhad (ASB or Company) Proposed extension of the duration and exercise period of ASB's outstanding warrants 2000/2003 by five (5) years from 28 August 2003 up to and including 28 August 2008 and thereafter the option to extend the exercise period for a further period of two (2) years expiring on 28 August 2010 (Proposed Warrants Extension) |
Contents :
We refer to our announcements dated 9 July 2003 and 11 July 2003. On behalf of the Board of Directors of ASB, Southern Investment Bank Berhad is pleased to announce that the warrantholders of ASB have approved the special resolution pertaining to the Proposed Warrants Extension as stated in the Notice of Adjourned Warrantholders' Meeting dated 14 July 2003 at the Adjourned Warrantholders' Meeting held on 23 July 2003.
As all the requisite approvals for the Proposed Warrants Extension have been obtained, the duration and exercise period of ASB's outstanding warrants 2000/2003 will be extended by five (5) years from 28 August 2003 up to and including 28 August 2008 and thereafter the option to extend the exercise period for a further period of two (2) years expiring on 28 August 2010. Accordingly, a notice of the said extension will be despatched to the warrantholders and advertised in a local daily newspaper in due course.
This announcement is dated 23 July 2003.