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SILK HOLDINGS BERHAD (“SHB”) (I) PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME(“ESOS”)(“PROPOSED ESOS”OR“SCHEME”); (II) PROPOSED VARIATION TO THE TERMS OF THE 20% 10-YEAR CUMULATIVE NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES OF RM0.10 EACH (“CN-RPS”)(“PROPOSED VARIATION”); (III) PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF SHB (“ARTICLES”) TO ALLOW THE COMPANY TO EXTEND ESOS OPTIONS TO ITS NON-EXECUTIVE DIRECTORS (“PROPOSED AMENDMENT TO ARTICLES”); AND (IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF SHB (“M&A) PURSUANT TO THE PROPOSED VARIATION (“PROPOSED AMENDMENTS TO M&A”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

SILK HOLDINGS BERHAD

TypeAnnouncement
SubjectSILK HOLDINGS BERHAD (“SHB”)

(I) PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME(“ESOS”)(“PROPOSED ESOS”OR“SCHEME”);

(II) PROPOSED VARIATION TO THE TERMS OF THE 20% 10-YEAR CUMULATIVE NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES OF RM0.10 EACH (“CN-RPS”)(“PROPOSED VARIATION”);

(III) PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF SHB (“ARTICLES”) TO ALLOW THE COMPANY TO EXTEND ESOS OPTIONS TO ITS NON-EXECUTIVE DIRECTORS (“PROPOSED AMENDMENT TO ARTICLES”); AND

(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF SHB (“M&A) PURSUANT TO THE PROPOSED VARIATION (“PROPOSED AMENDMENTS TO M&A”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
ContentsWe refer to the announcements dated 29 September 2009, 8 October 2009 and 30 October 2009 in relation to the above.

On behalf of the Board of Directors of SHB, AFFIN Investment Bank Berhad wishes to announce that the Securities Commission had, vide its letter dated 9 November 2009 which was received on 10 November 2009 approved the Proposed Variation.

This announcement is dated 11 November 2009.


Announcement Info

Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD    
Date Announced11 Nov 2009  
CategoryGeneral Announcement
Reference NoMI-091111-63918


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