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News

New Issue of Securities (Chapter 6 Of Listing Requirements): Fund Raising (Rights Issues, Private Placement, Etc)

BackApr 21, 2011
Date Announced : 21/04/2011  
Type : Announcement
Subject :
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING (RIGHTS ISSUES, PRIVATE PLACEMENT, ETC)

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

RENOUNCEABLE RIGHTS ISSUE OF UP TO 506,985,548 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 (“ENTITLEMENT DATE”) TOGETHER WITH UP TO 506,985,548 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED (“RIGHTS ISSUE WITH WARRANTS”)
   
 

Announcement Details/Table Section :

We refer to the past announcements made in relation to the Rights Issue with Warrants. All abbreviations used herein shall have the same meaning as those defined in the said announcements unless stated otherwise.

On behalf of the Board, RHB Investment Bank is pleased to announce that the Company has today entered into an underwriting agreement with RHB Investment Bank and AmInvestment Bank Berhad (a member of AmInvestment Bank Group) to underwrite up to 175,277,954 Rights Shares (“Open Portion”) in the ratio of 60:40. The Open Portion represents approximately 34.6% of the total Rights Shares, being the remaining portion of the Rights Shares for which no undertaking has been obtained from other shareholders of MBSB. The balance of 331,707,594 Rights Shares or approximately 65.4% of the total Rights Shares represents Employees Provident Fund Board’s ("EPF") entitlement under the Rights Issue with Warrants whereby EPF, a substantial shareholder of MBSB, has provided a written undertaking to subscribe in full for its entitlement under the Rights Issue with Warrants as at the Entitlement Date.

In addition, the Company has also today executed the deed poll constituting up to 506,985,548 Warrants to be issued pursuant to the Rights Issue with Warrants.

This announcement is dated 21 April 2011.


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