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New Issue of Securities (Chapter 6 Of Listing Requirements): Fund Raising

BackMay 27, 2011
Date Announced
:
27/05/2011  



Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

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

RENOUNCEABLE RIGHTS ISSUE OF 506,424,813 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 AT 5.00 P.M. ON 6 MAY 2011 (“ENTITLEMENT DATE”) TOGETHER WITH 506,424,813 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 in relation to the Rights Issue with Warrants.
 
In this respect, on behalf of the Board of Directors of MBSB ("Board"), RHB Investment Bank Berhad is pleased to announce that as at the close of the Rights Issue with Warrants at 5.00 p.m. on 24 May 2011 (“Closing Date”), the total valid acceptances and excess applications received were for 589,554,836 Rights Shares together with 589,554,836 Warrants. This represents an over-subscription of 83,130,023 Rights Shares and 83,130,023 Warrants or approximately 16.42% over the total of 506,424,813 Rights Shares and 506,424,813 Warrants available for subscription. Details of total valid acceptances and excess applications received as at the Closing Date are set out in Table 1 of this Announcement.
 
The Board has determined the basis for the allotment of the excess Rights Shares with Warrants as follows:-
 
(i)    firstly, to minimise the incidence of odd lots;
 
(ii)    secondly, for allocation to the entitled shareholders of the Company who have applied for the excess Rights Shares with Warrants on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at the Entitlement Date; and
 
(iii)    thirdly, for allocation to the entitled shareholders of the Company and/or their renouncee(s) (if applicable) who have applied for the excess Rights Shares with Warrants on a pro-rata basis, calculated based on the quantum of their respective excess Rights Shares with Warrants application, if applicable.
 
This announcement is dated 27 May 2011.

Attachments

  1. MBSB270511.pdf (Size: 43,117 bytes)