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Multiple Proposals

BackFeb 14, 2011
Date Announced : 14/02/2011  



Type : Announcement
Subject :
MULTIPLE PROPOSALS

Description :
MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

(A) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB TOGETHER WITH NEW FREE DETACHABLE WARRANTS TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM500 MILLION;

(B) PROPOSED CHANGE IN THE COMPOSITION AND INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY; AND

(C) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY

(COLLECTIVELY TO BE REFERRED TO AS “PROPOSALS”)


Announcement Details/Table Section :

 

On behalf of the Board of Directors of MBSB, RHB Investment Bank Berhad wishes to announce that MBSB is proposing to undertake the following:-

(a) a renounceable rights issue of new ordinary shares of RM1.00 each in MBSB together with new free detachable warrants to raise gross proceeds of approximately RM500 million;

(b) a change in the composition of and subsequently, an increase in the authorised share capital of the Company, details of which are set out in Section 3 of the attached file; and

(c) amendments to the Memorandum and Articles of Association of the Company.

Further details of the Proposals are set out in the attached file.

This announcement is dated 14 February 2011.  

Attachments

  1. MBSB140211.pdf (Size: 203,591 bytes)