Announcements


Date: 04 December 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING RIGHTS ISSUE OF ICPS WITH WARRANTS


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description RIGHTS ISSUE OF ICPS WITH WARRANTS

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus of the Company dated 2 November 2017 in relation to the Rights Issue of ICPS with Warrants.)

We refer to the Abridged Prospectus dated 2 November 2017.

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the ICPS with Warrants B at 5.00 p.m. on 24 November 2017, the Company had received valid acceptances and excess applications for a total of 899,284,472 ICPS, representing 99.85% subscription of the total number of ICPS available for subscription under the Rights Issue of ICPS with Warrants.

Details of such valid acceptances and excess applications received are as follows:-

  No. of ICPS % of total ICPS available for subscription
Total valid acceptances 461,874,636 51.28
Total valid excess applications 437,409,836 48.57
Total valid acceptances and excess applications 899,284,472 99.85
Total ICPS available for subscription 900,617,550 100.00
Remaining ICPS not subscribed for 1,333,078 0.15

Successful applicants of the ICPS will be given Warrants B on the basis of 1 Warrant B for every 10 ICPS successfully subscribed for.

The ICPS and Warrants B are expected to be listed on the ACE Market of Bursa Securities on 11 December 2017.

This announcement is dated 4 December 2017.





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