SPSETIA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA |
| Date Announced | 8 Feb 2013 |
| Category | General Announcement |
| Reference No | MI-130208-29473 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | S P SETIA BERHAD (“S P SETIA” OR “COMPANY”) PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA (“S P SETIA SHARES”) REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PLACEMENT”) |
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in previous announcements in relation to the Placement.) We refer to the previous announcements in relation to the Placement. On behalf of the Board, Maybank Investment Bank Berhad is pleased to announce that the book-building process in relation to the Placement exercise has been completed, attracting demand from both domestic and foreign institutional investors. The total number of new S P Setia Shares to be issued under the Placement pursuant to the book-building process is 320,700,000 new S P Setia Shares (“Placement Shares”), representing approximately 15% of the enlarged issued and paid-up share capital of S P Setia as at 7 February 2013. The issue price has been fixed at RM2.94 per Placement Share, representing a discount of approximately 6.87% to the 5-day volume weighted average market price of S P Setia Shares up to and including 6 February 2013 of RM3.1569 and a discount of approximately 5.16% to the closing price on 6 February 2013 of RM3.10. Accordingly, the gross proceeds to be raised from the Placement is approximately RM942.86 million. This announcement is dated 8 February 2013. | |
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