KERJAYA PROSPEK GROUP BERHAD (122592 - U)
 
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INVESTOR RELATIONS   ANNOUNCEMENTS

Date: 06 September 2011

MULTIPLE PROPOSALS FUTUTECH BERHAD ("FUTUTECH" OR "THE COMPANY") (I) CAPITAL REDUCTION; AND (II) RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Type Announcement
Subject MULTIPLE PROPOSALS
Description FUTUTECH BERHAD ("FUTUTECH" OR "THE COMPANY")

(I) CAPITAL REDUCTION; AND
(II) RIGHTS ISSUE

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 4 May 2011 in relation to the Proposals.
We refer to the announcements dated 4 May 2011, 3 June 2011, 7 June 2011, 29 June 2011, 6 July 2011, 18 July 2011, 19 July 2011, 28 July 2011 and 29 July 2011 in relation to the Proposals.

On behalf of the Board of Directors of Fututech ("Board"), OSK Investment Bank Bhd and Astramina Advisory Sdn Bhd wish to announce that as at the close of acceptance and payment of the Rights Issue at 5.00 p.m. on 29 August 2011, the total valid acceptances and total valid excess applications received for the Rights Issue were 32,010,653 Rights Shares, which represents an under subscription of 45.49% over the total number of 58,726,356 Rights Shares available for subscription under the Rights Issue.
    Details of the valid acceptances and valid excess applications received as at the close of acceptance and payment of the Rights Issue at 5.00 p.m. on 29 August 2011 are set out in the table below:

    No. of Rights Shares
    %
    Total valid acceptances
    18,275,733
    31.12
    Total valid excess applications
    13,734,920
    23.39
    Total valid acceptances and excess applications
    32,010,653
    54.51
    Total Rights Shares available for subscription
    58,726,356
    100.00
    Under subscription
    (26,715,703)
    (45.49)
      The Board has approved the basis of allocation for the excess Rights Shares together applied for under the Rights Issue in the following priority:
        (i) firstly, to minimise the incidence of odd lots;
          (ii) secondly, for allocation to Entitled Shareholders who have applied for excess Rights Shares on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at the Entitlement Date; and
            (iii) thirdly, for allocation to the applicants who have applied for excess Rights Shares on a pro-rata basis calculated based on the quantum of excess Rights Shares applied for.

            In view that the Rights Shares have not been fully subscribed for, the Board has decided to allot the Rights Shares to all applicants who have applied for the excess Rights Shares.

            This announcement is dated 6 September 2011.


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