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Date: 25 October 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Rights Issue with Warrants.

We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of EAH ("Board"), on 25 January 2017, 20 March 2017, 21 March 2017, 1 June 2017, 6 July 2017, 7 September 2017, 12 September 2017 and 15 September 2017.

On behalf of the Board, RHBIB wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on Tuesday, 17 October 2017, the total acceptances and excess applications for the Rights Issue with Warrants were 2,548,144,280 Rights Shares with Warrants D, which represents an over-subscription of 28.19% over the total number of 1,987,770,288 Rights Shares with Warrants D available for subscription under the Rights Issue with Warrants, the details of which are set out below:-

  No. of Rights Shares with Warrants D %
Acceptances 1,909,220,115 96.05
Excess applications 638,924,165 32.14
Total acceptances and excess applications 2,548,144,280 128.19
Total Rights Shares with Warrants D available for subscription 1,987,770,288 100.00
Over-subscription 560,373,992 28.19

It is the intention of the Board to allot the Excess Rights Shares with Warrants D on a fair and equitable basis. The Board has applied the following basis and priority in allocating the Excess Rights Shares with Warrants D, in accordance with the Abridged Prospectus dated 2 October 2017:-

i.     Firstly, to minimise the incidence of odd lots;

ii.     Secondly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants D, on a pro-rata basis and in board lot, calculated based on their respective shareholdings in the Company as at the Entitlement Date;

iii.     Thirdly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants D, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants D applied for; and

iv.     Finally, for allocation to renouncee(s) who have applied for Excess Rights Shares with Warrants D, on a pro-rata basis and in board lot, calculated based on the quantum of their respective Excess Rights Shares with Warrants D applied for.

In the event there is any remaining balance of the Excess Rights Shares with Warrants D applied for by the Entitled Shareholders and/ or renouncee(s) who have applied for the Excess Rights Shares with Warrants D after carrying out steps (i)-(iv) as set out above, steps (ii)-(iv) will be repeated to allocate the remaining balance of the Excess Rights Shares with Warrants D to the Entitled Shareholders and/ or renouncee(s) who have applied for the Excess Rights Shares with Warrants D until such balance is fully allocated.

 

This announcement is dated 25 October 2017.





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