Bursa Announcements
News
New Issue of Securities (Chapter 6 of Listing Requirements) : Fund Raising
Mar 04, 2016
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY")
RENOUNCEABLE RIGHTS ISSUE OF 400,984,509 WARRANTS IN GAMUDA ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY SIX (6) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN GAMUDA AT 5.00 P.M. ON THURSDAY, 11 FEBRUARY 2016, AT AN ISSUE PRICE OF RM0.25 PER WARRANT ("RIGHTS ISSUE OF WARRANTS")
The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Abridged Prospectus issued by Gamuda dated 11 February 2016.
We refer to the earlier announcements in relation to the Rights Issue of Warrants as well as the Abridged Prospectus issued by Gamuda dated 11 February 2016.
On behalf of the Board, RHB Investment Bank wishes to announce that as at the closing of acceptance, excess application and payment for the Rights Issue of Warrants at 5.00 p.m. on 26 February 2016 (“Closing Date”), Gamuda had received valid acceptances and excess applications for a total of 1,037,550,990 Warrants. This represents an oversubscription of 158.75% over the total number of Warrants available for subscription under the Rights Issue of Warrants.
The details of the acceptances and excess applications received as at the Closing Date are set out in the table below:-
No. of Warrants
%
Total valid acceptances
394,938,980
98.49
Total valid excess applications
642,612,010
160.26
Total valid acceptances and excess applications
1,037,550,990
258.75
Total Warrants available for subscription
400,984,509
100.00
Oversubscription
636,566,481
158.75
The Warrants which are not taken up or not validly taken up by the Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) by the Closing Date will be allotted to applicants who have applied for the Excess Warrants in the priority set out in Section 3.8 of the Abridged Prospectus dated 11 February 2016 as follows:-
- firstly, to minimise the incidence of odd lots;
- secondly, for allocation to Entitled Shareholders who have applied for Excess Warrants, on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date;
- thirdly, for allocation to Entitled Shareholders who have applied for Excess Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Warrants applied for; and
- finally, for allocation to transferee(s) and/or renouncee(s) who have applied for Excess Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Warrants applied for.
The Warrants are expected to be listed on the Main Market of Bursa Securities on 11 March 2016.
This announcement is dated 4 March 2016.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
04 Mar 2016
Category
General Announcement for PLC
Reference Number
GA1-04032016-00078
| Type | Announcement | ||||||||||||||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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| Description |
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF 400,984,509 WARRANTS IN GAMUDA ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY SIX (6) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN GAMUDA AT 5.00 P.M. ON THURSDAY, 11 FEBRUARY 2016, AT AN ISSUE PRICE OF RM0.25 PER WARRANT ("RIGHTS ISSUE OF WARRANTS") |
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The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Abridged Prospectus issued by Gamuda dated 11 February 2016.
We refer to the earlier announcements in relation to the Rights Issue of Warrants as well as the Abridged Prospectus issued by Gamuda dated 11 February 2016.
On behalf of the Board, RHB Investment Bank wishes to announce that as at the closing of acceptance, excess application and payment for the Rights Issue of Warrants at 5.00 p.m. on 26 February 2016 (“Closing Date”), Gamuda had received valid acceptances and excess applications for a total of 1,037,550,990 Warrants. This represents an oversubscription of 158.75% over the total number of Warrants available for subscription under the Rights Issue of Warrants.
The details of the acceptances and excess applications received as at the Closing Date are set out in the table below:-
The Warrants which are not taken up or not validly taken up by the Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) by the Closing Date will be allotted to applicants who have applied for the Excess Warrants in the priority set out in Section 3.8 of the Abridged Prospectus dated 11 February 2016 as follows:-
The Warrants are expected to be listed on the Main Market of Bursa Securities on 11 March 2016.
This announcement is dated 4 March 2016.
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Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 04 Mar 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04032016-00078 |