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IBHD

0.170

-0.01 (-5.6%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING I-BERHAD ("COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 795,985,581 3-YEAR REDEEMABLE CUMULATIVE CONVERTIBLE PREFERENCE SHARES ("RCCPS") ON THE BASIS OF 3 RCCPS FOR EVERY 4 EXISTING I-BERHAD SHARES HELD AS AT 5:00 P.M. ON 4 NOVEMBER 2019 AT AN ISSUE PRICE OF RM0.19 PER RCCPS ("RIGHTS ISSUE")

I-BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
I-BERHAD ("COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 795,985,581 3-YEAR REDEEMABLE CUMULATIVE CONVERTIBLE PREFERENCE SHARES ("RCCPS") ON THE BASIS OF 3 RCCPS FOR EVERY 4 EXISTING I-BERHAD SHARES HELD AS AT 5:00 P.M. ON 4 NOVEMBER 2019 AT AN ISSUE PRICE OF RM0.19 PER RCCPS ("RIGHTS ISSUE")

Reference is made to the Company’s announcements dated 10 July 2019, 19 July 2019, 22 August 2019, 24 September 2019, 18 October 2019 and 25 October 2019 in relation to the Rights Issue (“Earlier Announcements”), the circular to shareholders of the Company dated 30 August 2019 (“Circular”), the announcement dated 24 September 2019 in relation to the resolutions set out in the Notice of Extraordinary General Meeting contained in the Circular and abridged prospectus dated 4 November 2019 (“Abridged Prospectus”) in relation to the Rights Issue.  Unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Earlier Announcements, the Circular and the Abridged Prospectus.

 

On behalf of the Board, AmInvestment Bank is pleased to announce that as at the closing date and time of acceptance, Excess RCCPS application and payment for the Rights Issue on 19 November 2019 at 5:00 p.m. (“Closing Date”), I-Berhad had received valid acceptances and Excess RCCPS applications for a total of 983,511,954 RCCPS.  This represents an over-subscription of 187,526,373 RCCPS or 23.6% over the total number of 795,985,581 RCCPS available for subscription under the Rights Issue.

 

Details of the valid acceptances and Excess RCCPS applications received as at the Closing Date are as follows:-

 

 

Number of RCCPS

As a percentage of the total RCCPS available for subscription

Total valid acceptances

758,268,931

95.3%

 

 

 

Total valid Excess RCCPS applications

225,243,023

28.3%

Total valid acceptances and Excess RCCPS applications

983,511,954

123.6%

 

 

 

Total available for subscription

795,985,581

100.00%

Over-subscription

 

187,526,373

23.6%

 

The RCCPS which are not taken up or not validly taken up by the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) (if applicable) by the Closing Date (“Excess RCCPS”), will be allotted to applicants who have applied for the Excess RCCPS in the priority set out in Section 10.9 of the Abridged Prospectus as follows:-

 

  1. firstly, to minimise the incidence of odd lots;
  2. secondly, for allocation to the Entitled Shareholders who have applied for the Excess RCCPS, on a pro rata basis and in board lots, calculated based on their respective shareholdings as per their CDS Accounts as at the Entitlement Date;
  3. thirdly, for allocation to Entitled Shareholders who have applied for Excess RCCPS, on a pro rata basis and in board lots, calculated based on the quantum of their respective Excess RCCPS application; and
  4. fourthly, for allocation to renouncee(s)/transferee(s) (if applicable) who have applied for Excess RCCPS, on a pro rata basis and in board lots, calculated based on the quantum of their respective Excess RCCPS application.

 

The Board reserves the right to allot any Excess RCCPS applied for in such manner as the Board deems fit and expedient in the best interest of I-Berhad subject always that such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in steps (i) to (iv) above is achieved.

 

The RCCPS are expected to be listed and quoted on the Main Market of Bursa Securities on 3 December 2019.

 

This announcement is dated 25 November 2019.






Announcement Info

Company Name I-BERHAD
Stock Name IBHD
Date Announced 25 Nov 2019
Category General Announcement for PLC
Reference Number GA1-25112019-00067