We refer to the announcements made on behalf of XDL by AmInvestment Bank Berhad (“AmInvestment Bank”) on 18 January 2012 and 10 February 2012 in relation to the Proposals (“Announcements”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements.
On behalf of XDL, AmInvestment Bank is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 22 February 2012, approved the Company’s listing application in respect of the Proposed Bonus Issue and Proposed Rights Issue of Warrants dated 10 February 2012. The aforesaid approval is 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 of Bursa Securities pertaining to the implementation of the Proposals;
(ii) XDL and AmInvestment Bank to inform Bursa Securities upon completion of the Proposals;
(iii) XDL to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and
(iv) Bank Negara Malaysia’s approval for issuance of the Warrants to the non-residents entitled shareholders of the Company pursuant to the Proposed Rights Issue of Warrants.
This announcement is dated 22 February 2012.