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

BackJul 04, 2016
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 2,899,387,079 NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB ("MBSB SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING MBSB SHARE HELD AS AT 5.00 P.M. ON 24 JUNE 2016 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.59 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.41 IS TO BE CAPITALISED FROM MBSB'S SHARE PREMIUM ACCOUNT ("RIGHTS ISSUE")

Reference is made to the announcements dated 10 March 2016, 14 March 2016, 15 April 2016, 5 May 2016, 9 June 2016 and 10 June 2016 (“Earlier Announcements”) and the circular dated 20 April 2016 (“Circular”) and abridged prospectus dated 24 June 2016 (“Abridged Prospectus”) in relation to the Rights Issue. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements, Circular and Abridged Prospectus.

On behalf of the Board of Directors of Malaysia Building Society Berhad (“MBSB” or “Company”) (“Board”), the Joint Advisers wish to announce that the Board has decided to extend the closing time and date for acceptance and payment for the Rights Shares as well as Excess  Application and payment from 5.00 p.m. on Wednesday, 13 July 2016 to 5.00 p.m. on Thursday, 21 July 2016 (“Extended Closing Date”).

The extension is to allow additional time to be given to the Entitled Shareholders and/or their renouncee(s)/transferee(s) to subscribe for the Rights Shares in view of the festive period and public holidays which falls during the subscription period for the Rights Issue.

Based on the above Extended Closing Date, the date for the announcement of the final subscription result and basis of allotment of Excess Rights Shares shall be on 25 July 2016 whilst the expected listing date is 29 July 2016.

Save for the Extended Closing Date, there are no other changes to the disclosure in the Abridged Prospectus.

This announcement is dated 4 July 2016.





Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 04 Jul 2016
Category General Announcement for PLC
Reference Number GA1-04072016-00069