Email This Print This News

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

BackJan 20, 2014
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 889,807,870 NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING MBSB SHARES HELD ON THE ENTITLEMENT DATE AT AN ISSUE PRICE OF RM1.65 (“RIGHTS ISSUE”)
This announcement is dated 20 January 2014.
Reference is made to the Company’s earlier announcements, Circular dated 25 November 2013 and Abridged Prospectus dated 26 December 2013 in relation to the Rights Issue (collectively referred to as “Documents”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Documents.

On behalf of the Board of Directors of MBSB, AmInvestment Bank Berhad wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 13 January 2014, the total valid acceptances and excess applications received were 980,059,450 Rights Shares, representing an over subscription of 106,130,096 Rights Shares or approximately 12.1% over the total of 873,929,354 Rights Shares, the details of which are as follows:-


No. of
Rights Shares
% of total
Rights Issue
Total valid acceptances
867,950,020
99.3
Total valid excess applications
112,109,430
12.8
Total valid acceptances and excess applications
980,059,450
112.1
Total available for subscription
873,929,354(a)
100.0
Oversubscription
106,130,096
12.1

Note:-
Based on the total number of MBSB Shares in issue as at the Entitlement Date

The allocation of excess Rights Shares and the refund of oversubscription monies will be dealt with in the manner as stated in the Abridged Prospectus dated 26 December 2013.

The Rights Shares are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 29 January 2014.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB    
Date Announced 20 Jan 2014  
Category General Announcement
Reference No MB-140120-54913