BURSA ANNOUCEMENTS

Date : 07 July 2015

MULTIPLE PROPOSALS INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") I. RIGHTS ISSUE WITH WARRANTS; II. INCREASE IN AUTHORISED SHARE CAPITAL; AND III. AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

INSTACOM GROUP BERHAD

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

I.	RIGHTS ISSUE WITH WARRANTS;

II.	INCREASE IN AUTHORISED SHARE CAPITAL; AND

III.	AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises.


We refer to the announcements of Instacom made on 2 March 2015, 17 March 2015, 9 April 2015, 26 May 2015, 29 May 2015 and 1 June 2015.

 

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that as at the close of acceptance and payment for the Rights Issue with Warrants at 5.00 p.m. on 30 June 2015, the total acceptances and excess applications for the Rights Issue with Warrants were 411,758,171 Rights Shares, which represents an over-subscription of 42.44% over the total number of 289,065,127 Rights Shares available for subscription under the Rights Issue with Warrants.

 

The details of the acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue with Warrants as at 5.00 p.m. on 30 June 2015 are set out below:-

No. of Rights Shares

%

Acceptances

271,502,418

   93.92

Excess applications

140,255,753

48.52

Total acceptances and excess applications

411,758,171

 142.44

Total Rights Shares available for subscription

289,065,127

 100.00

Over-subscription

122,693,044

  42.44 

The Board has applied the following basis in allocating the Excess Rights Shares with Warrants, in accordance with the Abridged Prospectus dated 15 June 2015:-

 

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

 

ii. Secondly, for allocation to Entitled Shareholders who have applied for the 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 the excess Rights Shares with Warrants D, on a pro-rata basis and in board lot, calculated based on the quantum of excess Rights Shares with Warrants D applied for; and

 

iv. Finally, for allocation to renouncees who have applied for the excess Rights Shares with Warrants D, on a pro-rata basis and in board lot, calculated based on the quantum of excess Rights Shares with Warrants D applied for.

 

 

This announcement is dated 7 July 2015.






Announcement Info

Company Name INSTACOM GROUP BERHAD
Stock Name INSTACO
Date Announced 07 Jul 2015
Category General Announcement for PLC
Reference Number GA1-07072015-00034


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