19 Oct 2017

MULTIPLE PROPOSALS

MULTIPLE PROPOSALS MESB BERHAD (”MESB” OR THE “COMPANY”) (I) PROPOSED SHARE SPLIT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY, THE “PROPOSALS”)

Type      Announcement

Subject                 MULTIPLE PROPOSALS

Description

MESB BERHAD (”MESB” OR THE “COMPANY”)

(I)           PROPOSED SHARE SPLIT; AND

(II)          PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY, THE “PROPOSALS”)

On behalf of the Board of Directors of MESB (“Board”), KAF Investment Bank Berhad (“KAF”) wishes to announce that the Company is proposing to undertake the following proposals:-

(i)        proposed share split involving the subdivision of every two (2) existing ordinary shares in MESB (“Existing Shares”) into three (3) ordinary shares in MESB (“Resultant Shares” or “MESB Shares”) on an entitlement date to be determined later (“Proposed Share Split”); and

(ii)       proposed bonus issue of 40,950,000 free warrants in MESB (“Warrants”) on the basis of one (1) Warrant for every two (2) Resultant Shares held after the Proposed Share Split (“Proposed Bonus Issue of Warrants”),

Kindly refer to the attached document for the complete announcement.

Attachment :MESB – Proposals

Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder
Name DR IHSAN BIN OSMAN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 16-Oct-17 120,000 Disposed Indirect Interest
Name of registered holder ELENA BINTI IHSAN
Address of registered holder BT21, KG AIR HITAM DARAT 78300 MASJID TANAH MELAKA
Description of “Others” Type of Transaction
2 17-Oct-17 85,000 Disposed Indirect Interest
Name of registered holder ELENA BINTI IHSAN
Address of registered holder BT21, KG AIR HITAM DARAT 78300 MASJID TANAH, MELAKA
Description of “Others” Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares via open market
Nature of interest Indirect Interest
Direct (units) 3,470,200
Direct (%) 6.356
Indirect/deemed interest (units) 1,698,600
Indirect/deemed interest (%) 3.111
Total no of securities after change 5,168,800
Date of notice 19-Oct-17
Date notice received by Listed Issuer 19-Oct-17
Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder
Name DR IHSAN BIN OSMAN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 12-Oct-17 1,000 Disposed Indirect Interest
Name of registered holder ELENA BINTI IHSAN
Address of registered holder BT21, KG AIR HITAM DARAT 78300 MASJID TANAH MELAKA
Description of “Others” Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares via open market
Nature of interest Indirect Interest
Direct (units) 3,470,200
Direct (%) 6.356
Indirect/deemed interest (units) 1,903,600
Indirect/deemed interest (%) 3.486
Total no of securities after change 5,373,800
Date of notice 16-Oct-17
Date notice received by Listed Issuer 16-Oct-17
Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder
Name DATIN SOH YOKE HONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 10-Oct-17 24,300 Disposed Direct Interest
Name of registered holder ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD – Pledged Securities Account for Datin Soh Yoke Hong
Address of registered holder 17th Floor Menara Multi-Purpose Capital Square, No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur
Description of “Others” Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares via open market
Nature of interest Direct Interest
Direct (units) 3,425,700
Direct (%) 6.274
Indirect/deemed interest (units) 3,196,800
Indirect/deemed interest (%) 5.855
Total no of securities after change 6,622,500
Date of notice 12-Oct-17
Date notice received by Listed Issuer 12-Oct-17
Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder
Name DATO’ POH THIAM SEONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 10-Oct-17 24,300 Disposed Indirect Interest
Name of registered holder ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD – Pledged Securities Account for Datin Soh Yoke Hong
Address of registered holder 17th Floor, Menara Multi-Purpose Capital Square, No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur
Description of “Others” Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares via open market
Nature of interest Indirect Interest
Direct (units) 3,196,800
Direct (%) 5.855
Indirect/deemed interest (units) 3,425,700
Indirect/deemed interest (%) 6.274
Total no of securities after change 6,622,500
Date of notice 12-Oct-17
Date notice received by Listed Issuer 12-Oct-17
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Substantial Securities Holder
Name DATIN SOH YOKE HONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name & address of registered holder ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD
Pledged Securities Account for Datin Soh Yoke Hong
17th Floor, Menara Multi-Purpose
Capital Square, No. 8
Jalan Munshi Abdullah
50100 Kuala Lumpur
Date interest acquired & no of securities acquired
Date interest acquired 09-Oct-17
No of securities 3,000,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares via Private Placement
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 3,500,000
Direct (%) 6.41
Indirect/deemed interest (units) 3,196,800
Indirect/deemed interest (%) 5.855
Date of notice 11-Oct-17
Date notice received by Listed Issuer 11-Oct-17
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Substantial Securities Holder
Name DATO POH THIAM SEONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name & address of registered holder ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD
Pledged Securities Account for Dato’ Poh Thiam Seong
17th Floor, Menara Multi-Purpose
Capital Square, No. 8
Jalan Munshi Abdullah
50100 Kuala Lumpur
Date interest acquired & no of securities acquired
Date interest acquired 09-Oct-17
No of securities 3,000,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares via Private Placement
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 3,196,800
Direct (%) 5.855
Indirect/deemed interest (units) 3,500,000
Indirect/deemed interest (%) 6.41
Date of notice 11-Oct-17
Date notice received by Listed Issuer 11-Oct-17

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MESB BERHAD (”MESB” OR THE “COMPANY”) PRIVATE PLACEMENT OF 12,600,000 NEW ORDINARY SHARES IN MESB (”PLACEMENT SHARES”), WHICH REPRESENT 30% OF THE COMPANY’S TOTAL NUMBER OF ISSUED SHARES, TO INDEPENDENT THIRD PARTY INVESTORS (”PRIVATE PLACEMENT”)

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description MESB BERHAD (”MESB” OR THE “COMPANY”)

PRIVATE PLACEMENT OF 12,600,000 NEW ORDINARY SHARES IN MESB (”PLACEMENT SHARES”), WHICH REPRESENT 30% OF THE COMPANY’S TOTAL NUMBER OF ISSUED SHARES, TO INDEPENDENT THIRD PARTY INVESTORS (”PRIVATE PLACEMENT”)

We refer to the Company’s announcements dated 11 July 2017, 21 July 2017, 1 August 2017 and 7 September 2017 in relation to the Private Placement.

On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad wishes to announce that the Private Placement has been fully completed following the listing of and quotation for 12,600,000 Placement Shares on the Main Market of Bursa Malaysia Securities Berhad on 9 October 2017. The Company has placed out a total of 12,600,000 Placement Shares to identified investors in one (1) tranche at the issue price of RM0.73 per Placement Share, raising a total of RM9,198,000 for the Company pursuant to the Private Placement.

Additional Listing Announcement
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Private Placement
Details of corporate proposal Private placement of 12,600,000 New Ordinary Shares in MESB (”Placement Shares”), which represent 30% of MESB’s total number of issued shares, at an issue price of RM0.73 per Placement Share to independent third party investors
No. of shares issued under this corporate proposal 12,600,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.7300
Par Value($$) (if applicable) Malaysian Ringgit (MYR)
Latest issued share capital after the above corporate proposal in the following
Units 54,600,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 51,240,240.000
Listing Date 09 Oct 2017
Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder
Name DR IHSAN BIN OSMAN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 02-Oct-17 7,000 Acquired Direct Interest
Name of registered holder DR IHSAN BIN OSMAN
Address of registered holder C/O KLINIK IHSAN & SITI 411 LOT 8667 AG KOMPLEK PERNIAGAAN 78000 ALOR GAJAH MELAKA
Description of “Others” Type of Transaction
Circumstances by reason of which change has occurred Acquisition of shares via open market
Nature of interest Direct Interest
Direct (units) 3,470,200
Direct (%) 8.262
Indirect/deemed interest (units) 1,904,600
Indirect/deemed interest (%) 4.535
Total no of securities after change 5,374,800
Date of notice 05-Oct-17
Date notice received by Listed Issuer 05-Oct-17