News
New Issue Of Securities (Chapter 6 Of Listing Requirements):Combination Of New Issue Of Securities
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | RIMBUNAN SAWIT BERHAD (“RSB”) (I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 490,689,354 NEW ORDINARY SHARES OF RM0.50 EACH IN RSB (“RIGHTS SHARES”) ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING ORDINARY SHARE OF RM0.50 EACH HELD IN RSB (“SHARE”) (“RIGHTS ISSUE”); (II) BONUS ISSUE OF UP TO 654,252,472 NEW SHARES (“BONUS SHARES”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 SHARE HELD AFTER THE RIGHTS ISSUE; (III) INCREASE IN THE AUTHORISED SHARE CAPITAL OF RSB FROM RM500,000,000 COMPRISING 700,000,000 SHARES AND 300,000,000 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.50 EACH (“ICPS”) TO RM1,250,000,000 COMPRISING 2,200,000,000 SHARES AND 300,000,000 ICPS; AND (IV) AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF RSB |
We refer to the announcements made on behalf of RSB dated 27 May 2011, 11 July 2011, 26 July 2011 and 22 August 2011 in relation to the above. On behalf of RSB, CIMB Investment Bank Berhad wishes to announce that the issue price for the Rights Shares has been fixed at RM0.80 per Rights Share (“Issue Price”). The Issue Price was arrived at after taking into consideration the theoretical ex-rights price (“TERP”) of RSB of RM1.14 per Share based on the 5-day volume weighted average market price (“VWAMP”) of the Shares up to and including 25 August 2011 (being the 5 market days immediately preceding the date of this price-fixing announcement) of RM2.16. The Issue Price represents a discount of approximately 30% to the TERP of the Shares based on the 5-day VWAMP of the Shares up to 25 August 2011. This announcement is dated 26 August 2011. |
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Announcement Info
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 26 Aug 2011 |
| Category | General Announcement |
| Reference No | MM-110826-38725 |