On behalf of the Board of Directors of TLB, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:

1. proposed renounceable rights issue of up to 614,999,899 new irredeemable convertible preference shares of RM0.05 each in TLB (“ICPS”) on the basis of three (3) ICPS for every two (2) existing ordinary shares of RM0.50 each in TLB (“TLB Share” or “Share”) held at an entitlement date to be determined later (“Proposed Rights Issue of ICPS”);
2. proposed increase in the authorised share capital of TLB from RM300,000,000 comprising 500,000,000 TLB Shares and 100,000,000 redeemable convertible preference shares of RM0.50 each in TLB (“RCPS”) to RM1,000,000,000 comprising 1,800,000,000 TLB Shares, 100,000,000 RCPS and 1,000,000,000 ICPS to facilitate the Proposed Rights Issue of ICPS (“Proposed Increase in Authorised Share Capital”); and
3. proposed amendments to the Memorandum and Articles of Association of TLB to facilitate the Proposed Rights Issue of ICPS and the Proposed Increase in Authorised Share Capital (“Proposed Amendments”).

Please refer to the attachment for further details of the Proposals.

This announcement is dated 26 August 2016.