We refer to the announcements made on behalf of XDL by AmInvestment Bank Berhad (“AmInvestment Bank”) on 18 January 2012, 10 February 2012 and 22 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 Bank Negara Malaysia had vide its letter dated 22 February 2012 (which was received on 23 February 2012) approved the issuance of Warrants under the Proposed Rights Issue of Warrants to non-resident shareholders of the Company.
This announcement is dated 23 February 2012.