We refer to the Company’s announcements dated 20 December 2013, 22 January 2014, 28 March 2014, 12 May 2014, 16 May 2014, 27 June 2014, 22 July 2014, 12 August 2014, 27 August 2014, 28 August 2014, 4 September 2014, 12 September 2014 and 19 September 2014 including the Prospectus dated 12 September 2014 which set out the details of the Rights Issue with Warrants and the OFS (collectively referred to as “Documents”). Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Documents.
On behalf of the Board, CIMB wishes to announce that as at the close of acceptance, excess application and payment for the Rights Shares and the OFS ICULS at 5.00 p.m. on 30 September 2014 (“Closing Date”), I-Berhad had received valid acceptances and excess applications for a total of 309,039,755 Rights Shares and 326,002,870 OFS ICULS. This represents a subscription of 107.97% of the total number of available Rights Shares and a subscription of 112.75% of the total number of available OFS ICULS.
Details of valid acceptances and excess applications received as at the Closing Date are as follows:
No. of Rights Shares
|
% of total issue
|
No. of OFS ICULS
|
% of total issue
| |
Total valid acceptances
|
283,899,374
|
99.19
|
269,340,408
|
93.15
|
Total valid excess applications
|
25,140,381
|
8.78
|
56,662,462
|
19.60
|
Total valid acceptances and excess applications
|
309,039,755
|
107.97
|
326,002,870
|
112.75
|
Total available for subscription
|
286,215,890
|
100.00
|
289,132,870
|
100.00
|
Excess
|
22,823,865
|
7.97
|
36,870,000
|
12.75
|
Successful applicants of the Rights Shares will be given Warrants on the basis of one (1) Warrant for every five (5) Rights Shares successfully subscribed for. The minimum number of Warrants that can be issued and allotted with the accepted Rights Shares is one (1) Warrant. Fractions of the Warrant (if any) arising from the Rights Issue with Warrants will be dealt with by the Board as they may deem fit.
The Excess Rights Shares will be allocated on a fair and equitable basis in the following priority:
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, for allocation to the Rights Entitled Shareholder(s) who have applied for Excess Rights Shares on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at the Entitlement Date;
(iii) thirdly, for allocation to the Rights Entitled Shareholder(s) who have applied for the Excess Rights Shares on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Rights Shares applied for; and
(iv) fourthly, for allocation to renouncee(s) and/or transferee(s) who have applied for the Excess Rights Shares on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Rights Shares applied for.
The Excess OFS ICULS will be allocated on a fair and equitable basis in the following priority:
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, for allocation to the OFS Entitled Shareholder(s) who have applied for Excess OFS ICULS on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date;
(iii) thirdly, for allocation to the OFS Entitled Shareholder(s) who have applied for the Excess OFS ICULS on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess OFS ICULS applied for; and
(iv) fourthly, for allocation to renouncee(s) and/or transferee(s) who have applied for the Excess OFS ICULS on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess OFS ICULS applied for.
The Rights Shares, Warrants and ICULS are expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 14 October 2014.