Email This Print This News

Multiple Proposals

BackMar 02, 2011
Date Announced
:
02/03/2011  



Type
:
Announcement
Subject
:
MULTIPLE PROPOSALS

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

(A) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 507,087,462 NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 FOR EACH RIGHTS SHARE ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 7 EXISTING MBSB SHARES HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 507,087,462 NEW FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED;

(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 :

 

 

Further to the Company’s announcements dated 14 February 2011, 22 February 2011 and 25 February 2011, on behalf of the Board of Directors of MBSB, RHB Investment Bank Berhad wishes to announce that the Company has today submitted an application to Bank Negara Malaysia to seek its approval for the issuance of the Warrants to non-residents.

 

This announcement is dated 2 March 2011.