Date : 25 October 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") RIGHTS ISSUE

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

RIGHTS ISSUE

We refer to the earlier announcements in relation to the Rights Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Rights Issue.

 

On behalf of the Board, RHB Investment Bank wishes to announce that as at the closing date and time for acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 20 October 2017 (Closing Date), the Company received total valid acceptances and excess applications for 2,354,165,099 Rights Shares with 470,833,020 Rights Warrants. This represented an over-subscription of 161,571,814 Rights Shares with 32,314,363 Rights Warrants or approximately 7.37% over the total number of Rights Shares with Rights Warrants available for subscription under the Rights Issue. Details of the total valid acceptances and excess applications received as at the Closing Date are set out in Table 1 of this Announcement.

 

The Rights Shares with Rights Warrants which are not taken up or not validly taken up will be allotted to the Entitled Shareholders and/ or their renouncee(s) and/ or transferee(s) (if applicable), who have applied for the Excess Rights Shares with Rights Warrants in the following order of priority, as set out in Section 11.6 of the Abridged Prospectus dated 4 October 2017:-

 

(i)            firstly, to minimise the incidence of odd lots;

 

(ii)           secondly, on a pro-rata basis and in board lot to the Entitled Shareholders who have applied for the Excess Rights Shares with Rights Warrants, taking into consideration their respective shareholding as at the Entitlement Date;

 

(iii)          thirdly, on a pro-rata basis and in board lot to the Entitled Shareholders who have applied for the Excess Rights Shares with Rights Warrants, taking into consideration the quantum of their respective Excess Rights Shares with Rights Warrants applied for; and

 

(iv)          lastly, on a pro-rata basis and in board lot to the renouncee(s) and/ or transferee(s) (if applicable) who have applied for the Excess Rights Shares with Rights Warrants, taking into consideration the quantum of their respective Excess Rights Shares with Rights Warrants applied for.

 

In the event there is any balance Excess Rights Shares with Rights Warrants after steps (i) to (iv) are carried out, steps (ii) to (iv) will be repeated to allocate the balance Excess Rights Shares with Rights Warrants.

 

The Rights Shares with Rights Warrants are expected to be listed on the Main Market of Bursa Securities on 3 November 2017.

 

 

This announcement is dated 25 October 2017.

 

 




Please refer attachment below.

Attachments

MRCB_Table 1.pdf
6.0 kB



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 25 Oct 2017
Category General Announcement for PLC
Reference Number GA1-25102017-00079