|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
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 announcement dated 10 March 2016 (“Initial Announcement”) and the subsequent announcements thereafter (“Announcements”), 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 Announcements, Circular and Abridged Prospectus.
On behalf of the Board, the Joint Advisers wish to announce that as at the close of the Rights Issue at 5.00 p.m. on 21 July 2016, the total valid acceptances and excess applications received were 3,164,044,138 Rights Shares, representing an oversubscription of 264,657,059 Rights Shares or approximately 9.13% over the total number of 2,899,387,079 Rights Shares available for subscription, the details of which are as follows:-
(a) Based on the total number of MBSB Shares in issue as at the Entitlement Date.
Accordingly, the Excess Rights Shares will be allocated in accordance with the basis as stated in Section 10.5 of the Abridged Prospectus.
The Rights Shares are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 29 July 2016.
This announcement is dated 25 July 2016.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||25 Jul 2016|
|Category||General Announcement for PLC|