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GHLSYS

Rights Issue

GHL SYSTEMS BERHAD

EX-date

28/06/2013
Entitlement date02/07/2013
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF 36,346,550 NEW ORDINARY SHARES OF RM0.20 EACH IN GHL SYSTEMS BERHAD (“GHL" OR THE “COMPANY”) (“RIGHTS SHARE(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) ORDINARY SHARES OF RM0.20 EACH IN GHL HELD AT 5.00 P.M. ON 2 JULY 2013, AT AN ISSUE PRICE OF RM0.24 PER RIGHTS SHARE ("RIGHTS ISSUE")
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
Tricor Investor Services Sdn Bhd (Company No. 118401-V)
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur

Tel no.: 03-2264 3883
Fax no.: 03-2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers02/07/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 4
Rights Issues/Offer Price 0.24

Remarks :

This announcement is dated 18 June 2013.

We refer to the announcements dated 14 November 2012, 5 December 2012, 7 December 2012, 14 December 2012, 5 March 2013, 2 April 2013, 28 May 2013 and 18 June 2013 in relation to the Proposals (“Announcements”), and the Circular to the shareholders of GHL dated 6 March 2013 (“Circular”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Announcements and the Circular.

On behalf of the Board of Directors of GHL (“Board”), AmInvestment Bank Berhad wishes to announce that the Board has fixed the issue price for the Proposed Rights Issue at RM0.24 per Rights Share (“Issue Price”).

The Issue Price was arrived at after taking into consideration, amongst others, the prevailing market condition and market price of the GHL Shares, the theoretical ex-rights price (“TERP”) of the GHL Shares based on the five (5)-day volume-weighted average market price (“VWAP”) of the GHL Shares up to and including 17 June 2013, being the last market day prior to this announcement and an appropriate discount to the TERP. The Issue Price represents a discount of approximately 20% to the TERP of RM0.30, based on the five (5)-day VWAP of the GHL Shares up to and including 17 June 2013.

The Rights Issue will raise gross proceeds of approximately RM8.72 million based on the Issue Price of RM0.24 per Rights Share.

The Board is of the view that such discount to the TERP will provide shareholders of GHL with an attractive opportunity to increase their participation in the Company.


Announcement Info

Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS    
Date Announced18 Jun 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoMB-130618-53521


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