We refer to the announcement made on behalf of XDL by AmInvestment Bank Berhad (“AmInvestment Bank”) on 18 January 2012. For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcement.
On behalf of XDL, AmInvestment Bank wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 31 January 2012 approved the listing and quotation of up to 43,999,990 XDL Shares to be issued pursuant to the Proposed Private Placement, subject to, amongst others, the following conditions:-
(i) XDL and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement, including compliance with Paragraph 6.03(1) of the Listing Requirements;
(ii) XDL and AmInvestment Bank are to inform Bursa Securities upon completion of the Proposed Private Placement; and
(iii) XDL is to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.
This announcement is dated 31 January 2012.