Bursa Announcements
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES SUNWAY BERHAD (“SUNWAY” OR “COMPANY”) I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 568,702,201 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”); AND II. PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (“PROPOSED ESOS”). (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | SUNWAY BERHAD (“SUNWAY” OR “COMPANY”) I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 568,702,201 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”); AND II. PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (“PROPOSED ESOS”). (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
We refer to the announcements dated 5 April 2013 and 20 May 2013 in respect of the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of Sunway, RHB Investment Bank Berhad wishes to announce that an additional listing application for the listing of and quotation for up to 568,702,201 Rights Shares, up to 31,252,439 Additional Sunway Warrants, up to 31,252,439 new Sunway Shares to be issued pursuant to the exercise of the Additional Sunway Warrants, and such number of ESOS Shares on the Main Market of Bursa Securities has been submitted to Bursa Securities on 21 May 2013. In addition, on 21 May 2013, RHB Investment Bank Berhad had on behalf of Sunway, submitted an application to Bank Negara Malaysia for the approval of the Controller of Foreign Exchange of Bank Negara Malaysia for Sunway to issue the Additional Sunway Warrants to the non-resident warrantholders pursuant to adjustments made in accordance with the provisions of the Deed Poll as a result of the Proposed Rights Issue and any additional Sunway Warrants to be issued from time to time arising from any adjustments made pursuant to the provisions of the Deed Poll. This announcement is dated 21 May 2013. | |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 21 May 2013 |
| Category | General Announcement |
| Reference No | MI-130521-62788 |