Company announcements: ARMADA

ARMADA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement

Company Name	BUMI ARMADA BERHAD
Stock Name	ARMADA
Date Announced	3 Oct 2014
Category	General Announcement
Reference No	MI-141003-60439

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description	BUMI ARMADA BERHAD (“BUMI ARMADA” OR “COMPANY”) I. BONUS ISSUE OF UP TO 1,479,238,150 NEW ORDINARY SHARES OF RM0.20 EACH IN BUMI ARMADA (“SHARES”) (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF BUMI ARMADA (“ENTITLED SHAREHOLDERS”) AS AT 5.00 P.M. ON 12 SEPTEMBER 2014 (“ENTITLEMENT DATE”) (“BONUS ISSUE”); AND II. RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,479,238,150 NEW SHARES (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS ON THE ENTITLEMENT DATE, AT AN ISSUE PRICE OF RM1.35 PER RIGHTS SHARE (“RIGHTS ISSUE”)
We refer to the announcements dated 23 May 2014, 28 May 2014, 2 June 2014, 12 June 2014, 20 June 2014, 8 July 2014, 27 August 2014 and 28 August 2014 in relation to, among others, the Bonus Issue and the Rights Issue. On behalf of Bumi Armada, Maybank Investment Bank Berhad (“Maybank IB”) and CIMB Investment Bank Berhad (“CIMB”) wish to announce that as at the close of acceptance of and payment for the Rights Shares at 5.00 p.m. on 30 September 2014 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 1,630,329,776 Rights Shares. This represents an over-subscription of 11.17% over the total number of Rights Shares available for subscription under the Rights Issue. Details of valid acceptances and excess applications received as at the Closing Date are as follows: No. of Rights Shares % of total Rights Shares available for subscription Total valid acceptances 1,455,265,591 99.23 Total valid excess applications 175,064,185 11.94 Total valid acceptances and excess applications 1,630,329,776 111.17 Total Rights Shares available for subscription 1,466,567,350 100.00 Over-subscription 163,762,426 11.17 The Rights Shares which are not taken up or cannot be taken up or not validly taken up by the Entitled Shareholders and/or their renouncees (if applicable) by the Closing Date, including any fractional entitlements thereof (“Excess Rights Shares”), will be allotted to the Entitled Shareholders and/or their renouncees (if applicable) in the following order of priority as set out in the abridged prospectus dated 12 September 2014 issued by Bumi Armada in relation to the Rights Issue (“Abridged Prospectus”): (i) firstly, to minimise the incidence of odd lots; and (ii) thereafter, on a pro-rata basis to the Entitled Shareholders and/or their renouncees (if applicable) (save for the excluded parties as described in Section 2.3 of the Abridged Prospectus) who have applied for the Excess Rights Shares, based on their entitlements (including those Rights Shares provisionally allotted to the Entitled Shareholders (“Provisional Rights Shares”) purchased by or transferred to the renouncees for the period up to the last date and time for the sale and transfer of the Provisional Rights Shares) on a board lot basis (subject to the number of Excess Rights Shares applied for). The Rights Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 13 October 2014. Further to the above, Maybank IB and CIMB wish to announce that as the Bonus Issue is conditional on the Rights Issue, the Bonus Shares will be listed and quoted simultaneously with the Rights Shares, on the Main Market of Bursa Securities, on 13 October 2014. This Announcement is dated 3 October 2014. Distribution of this Announcement into jurisdictions other than Malaysia may be restricted by law. Persons who come into possession of this Announcement should inform themselves of and observe any such restrictions. This Announcement is not for release, publication or distribution, directly or indirectly, in or into the United States of America (“U.S.” or “United States”), Canada or Japan. This Announcement is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) or the laws of any state or jurisdiction of the United States, and may not be offered or sold within the United States, absent registration or an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There is no intention to register any portion of the Rights Shares or any securities described herein in the United States or to conduct a public offering of securities in the United States.

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