1. Details of Corporate Proposal |
|
| Whether the corporate proposal involves the issuance of new type and new class of securities? |
Yes |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | Acquisitions by Rimbunan Sawit Berhad ("RSB") of the equity interests in nine (9) plantation companies and assignment of rights of a plantation estate from the respective vendors for an aggregate purchase consideration of RM288,995,534 to be wholly satisfied through the issuance of 28,331,400 new ordinary shares of RM0.50 each in RSB ("Shares") and 193,972,857 new irredeemable convertible preference shares of RM0.50 each in RSB ("ICPS") at an issue price of RM1.30 per Share/ ICPS ("Acquisitions") |
| No. of shares issued under this corporate proposal | 28,331,400 |
| Issue price per share ($$) | MYR 1.300 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
| Units | 156,598,200 |
| Currency | MYR 78,299,100.000 |
| Listing Date | 08/10/2010 |
| Remarks : |
| The 193,972,857 ICPS issued pursuant to the Acquisition will not be listed on Bursa Malaysia Securities Berhad ("Bursa Securities"). However the new RSB Shares to be issued arising from the conversion of the said ICPS shall be listed and quoted on the Main Market of Bursa Securities. |
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 7 Oct 2010 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | MM-101006-54826 |