News

Amendments To trust deed dated 10 December 2007 As Varied In The supplemental trust deed dated 4 August 2008 And Second Supplemental Trust Deed Dated 20 July 2012 ("Trust Deed")

BackSep 26, 2013
Type Announcement
Subject OTHERS
Description ADVANCE SYNERGY BERHAD (“ASB” or “the Company”)

AMENDMENTS TO TRUST DEED DATED 10 DECEMBER 2007 AS VARIED IN THE SUPPLEMENTAL TRUST DEED DATED 4 AUGUST 2008 AND SECOND SUPPLEMENTAL TRUST DEED DATED 20 JULY 2012 (“TRUST DEED”)

The Board of Directors of ASB wishes to announce that the Company had on 26 September 2013 executed the Third Supplemental Trust Deed with AmanahRaya Trustees Berhad (“the Trustee”), to give effect to the following amendments to the Trust Deed constituting the 2% 10-Year Irredeemable Convertible Unsecured Loan Stocks at 100% of its nominal value of RM0.15 each (“ICULS”) issued by ASB on 29 January 2008 pursuant to a rights issue of the Company:

Amendments to the Trust Deed

Rationale

Clause No.

Existing Clause

Amended Clause

Clause 14 of the Trust Deed

The payment by cheque to a Loan Stockholder, a successor in title of a Loan Stockholder or the legal personal representative of any deceased Loan Stockholder of any principal moneys or Interests payable by the Trustee or the Company to him in respect of his Loan Stock shall be a good discharge to the Trustee or the Company (as the case may be).

 

 

The payment to a Loan Stockholder, a successor in title of a Loan Stockholder or the legal personal representative of any deceased Loan Stockholder of any principal moneys or Interests payable by the Trustee or the Company to him in respect of his Loan Stock shall be a good discharge to the Trustee or the Company (as the case may be).

 

 

To comply with Paragraph 8.26A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

Condition 5 of the Schedule 3 of the Trust Deed

The principal or Interest payable in respect of the Loan Stock may be paid by cheque made payable to and sent to each Loan Stockholder at his registered address or made payable to such person or persons and sent to such address as the Loan Stockholder may direct in writing. Each such cheque may be sent by ordinary post at the risk of such Loan Stockholder or joint Loan Stockholders and due payment of the cheque shall constitute full satisfaction of the principal or Interest represented thereby. This Condition 5 (Payment) shall apply (with the necessary changes) to any payment of any other moneys by the Company under this Trust Deed.

The principal or Interest payable in respect of the Loan Stock may be paid in the following manner:

 

 

To comply with Paragraph 8.26A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

 

(a)

by cheque made payable to and sent to each Loan Stockholder at his registered address or made payable to such person or persons and sent to such address as the Loan Stockholder may direct in writing. Each such cheque may be sent by ordinary post at the risk of such Loan Stockholder or joint Loan Stockholders and due payment of the cheque shall constitute full satisfaction of the principal or Interest represented thereby; and/or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)

by way of telegraphic transfer, electronic transfer, remittance or other electronic means to such bank account of the Loan Stockholder as provided by the Loan Stockholder to Bursa Depository. Each payment transmitted by electronic means, as provided above, shall constitute full satisfaction of the principal or Interest represented thereby.

 

 

 

 

 

 

 

 

This Condition 5 (Payment) shall apply (with the necessary changes) to any payment of any other moneys by the Company under this Trust Deed.

 

 

 

 

 

The above stated existing clauses shall be amended and replaced in its entirety (as the case may be) by the aforesaid amended clauses and the aforesaid amendments to the Trust Deed have been made with the consent of the Trustee pursuant to Clause 25.3 of the Trust Deed.

The attached Notice of ICULS holders will be advertised in The New Straits Times on 27 September 2013.

This announcement is dated 26 September 2013.

 

Announcement Info

Company Name ADVANCE SYNERGY BERHAD  
Stock Name ASB    
Date Announced 26 Sept 2013  
Category General Announcement
Reference No AS-130926-42333

Attachments

  1. ASB_260913.pdf (Size: 47,821 bytes)