05 May

05/05/2011 – General Announcement

General Announcement
Reference No OI-110505-64128
Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD
Company Name
:
CAREPLUS GROUP BERHAD (ACE Market)
Stock Name
:
CAREPLS
Date Announced
:
05/05/2011
Admission Sponsor
:
OSK Investment Bank Bhd
Sponsor
:
Same as above
Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)COMBINATION OF NEW ISSUE OF SECURITIES
Description
:

CAREPLUS GROUP BERHAD (“CAREPLUS” OR THE “COMPANY”)

PROPOSED BONUS ISSUE OF 105,000,000 WARRANTS IN CAREPLUS (“WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN CAREPLUS (“CAREPLUS SHARES” OR “SHARES”) ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”); AND

PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CAREPLUS (“PROPOSED PRIVATE PLACEMENT”)

(COLLECTIVELY REFERRED HEREINAFTER AS THE “PROPOSALS”)

Announcement Details/Table Section :

This announcement should be read in conjunction with the earlier announcements made on 28 April 2011 and 4 May 2011. All defined terms used in this announcement, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 28 April 2011 in relation to the Proposals.

We refer to the announcement dated 4 May 2011 in relation to the Proposals. In relation thereto, the Board wishes to further clarify that the exercise price of the Warrants will be determined either at a premium above or at the five (5)-day VWAP of Careplus Shares immediately preceding the price-fixing date, to be determined by the Board after receipt of all relevant approvals for the Proposed Bonus Issue of Warrants, but before the Entitlement Date. In any case, the exercise price of the Warrants will not be lower than the par value of Careplus Shares.

This announcement is dated 5 May 2011.