BPLANT - OTHERS BOUSTEAD PLANTATIONS BERHAD (“BPB”) LISTING OF BPB ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
| Company Name | BOUSTEAD PLANTATIONS BERHAD |
| Stock Name | BPLANT |
| Date Announced | 16 Jun 2014 |
| Category | General Announcement |
| Reference No | MI-140616-64962 |
| Type | Announcement |
| Subject | OTHERS |
| Description | BOUSTEAD PLANTATIONS BERHAD (“BPB”) LISTING OF BPB ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD |
All defined terms used in this announcement shall have the same meaning as those defined in the Prospectus issued by BPB dated 27 May 2014 (“Prospectus”). We refer to the announcement made on 11 June 2014 in relation to the Initial Public Offering of BPB. On behalf of BPB, AFFIN Investment wishes to announce that as at 5.00 p.m. on 11 June 2014 (“Closing Date”), being the closing date of application and payment for the Retail Offering of the IPO, the level of subscription for the following categories are as follows: (a) Restricted BREIT Offering BPB had received valid applications and excess applications by the Entitled Unitholders of BREIT for a total of 159,825,200 Issue Shares, representing a subscription rate of 91.54%. The remaining 14,768,800 Issue Shares or approximately 8.46% over the total amount of 174,594,000 Issue Shares which was reserved for applications by the Entitled Unitholders of BREIT will be made available for application by the Entitled Shareholders of BHB in accordance with Section 4.3.3(i) of the Prospectus. Details of the valid applications and excess applications received as at the Closing Date for the Restricted BREIT Offering are set out in Appendix I. (b) Restricted BHB Offering BPB had received valid applications and excess applications by the Entitled Shareholders of BHB for a total of 223,376,000 Issue Shares, representing a subscription rate of 100.80%. This represents an over-subscription of 1,771,700 Issue Shares or 0.80% over the total amount of 221,604,300 Issue Shares comprising 206,835,500 Issue Shares reserved for applications by the Entitled Shareholders of BHB and 14,768,800 Issue Shares which will be clawed from the Restricted BREIT Offering. Based on the above, in accordance with Section 4.3.2 (ii) (b) of the Prospectus, the Board of Directors of BPB and BHB have allocated 25,362,300 excess Issue Shares to the Entitled Shareholders of BHB on a pro-rata basis according to the Entitled Shareholders of BHB’s respective shareholdings in BHB as at the BHB Entitlement Date which is to be rounded down to the nearest board lot. Details of the valid applications and excess applications received as at the Closing Date for the Restricted BHB Offering are set out in Appendix I. (c) Subscription by the Malaysian Public (via balloting) As at the close of application and payment for the Issue Shares made available for application by the Malaysian Public, a total of 30,787 applications for 448,046,400 Issue Shares were received from the Malaysian Public, which represents an oversubscription rate of 6.00 times. 32,000,000 Issue Shares have been set aside for allotment under the Bumiputera category which represents 50% of the Issue Shares offered for public subscription, while the balance of 32,000,000 Issue Shares were allotted under the Non-Bumiputera category. A total of 11,142 applications for 143,514,200 Issue Shares were received for the Bumiputera category which represents an oversubscription rate of 3.48 times. Meanwhile, under the Non-Bumiputera category, 19,645 applications for 304,532,200 Issue Shares were received representing an oversubscription of 8.52 times. The allotment of the Issue Shares to all successful applicants, the refund of application monies to unsuccessful applicants of the IPO Shares and unsuccessful applicants of the excess Issue Shares and the listing of and quotation for the entire issued and paid-up share capital of BPB on the Main Market of Bursa Securities are expected to be carried out within the timeframes as set out in the Prospectus. This announcement is dated 16 June 2014. | |
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