[NICE]: NICHE CAPITAL EMAS HLDG BHD

04-Dec-2014

EGM

22-Dec-2014 11:30

16-Dec-2014

East ‘N’ West Hall, Level 2, The Northam All Suite Hotel Penang, No 55 Jalan Sultan Ahmad Shah, 10050 Penang

NOTICE OF EXTRAORDINARY GENERAL MEETING IN RELATION TO THE FOLLOWING • PROPOSED SETTLEMENT OF DEBT OWING BY YIKON JEWELLERY INDUSTRY SDN BHD (“YIKON”), A FORMER WHOLLY-OWNED SUBSIDIARY COMPANY OF NICHE CAPITAL EMAS HOLDINGS BERHAD (“NICE”), IN RESPECT OF YIKON’S OUTSTANDING DEBTS TO THE CREDITOR BANKS (AS DEFINED HEREIN) IN THE AGGREGATE SUM OF RM16,593,232.62 (AS AT 31 DECEMBER 2012) VIA CASH PAYMENT OF RM1.014 MILLION AND ISSUANCE OF 115,130,000 NEW ORDINARY SHARES OF RM0.10 EACH IN NICE (“NICE SHARES”) AT THE ISSUE PRICE OF RM0.10 PER NICE SHARE TO THE CREDITOR BANKS (“PROPOSED DEBT SETTLEMENT”); AND • PROPOSED PRIVATE PLACEMENT OF UP TO 69,639,000 NEW NICE SHARES AT THE ISSUE PRICE OF RM0.15 PER NICE SHARE REPRESENTING APPROXIMATELY UP TO 30% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF NICE AFTER THE PROPOSED DEBT SETTLEMENT (“PROPOSED PRIVATE PLACEMENT”), (COLLECTIVELY, THE “PROPOSALS”)
Niche - Notice of EGM.pdf

Further to the announcement dated 4 December 2014 in relation to the Proposals.

On behalf of the Board of Directors of NICE, M&A Securities Sdn Bhd is pleased to announce that the resolutions in relation to the Proposals as set out in the Notice of Extraordinary General Meeting (“EGM”) of NICE dated 5 December 2014 and tabled at the EGM of NICE held today at East ‘N’ West Hall, Level 2, The Northam All Suite Hotel Penang, No 55 Jalan Sultan Ahmad Shah, 10050 Penangwere duly approved by the shareholders of NICE.

This announcement is dated 22 December 2014.

-