E&O - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES
Announcement Type: General Announcement
| Company Name | EASTERN & ORIENTAL BERHAD |
| Stock Name | E&O |
| Date Announced | 5 Jan 2015 |
| Category | General Announcement |
| Reference No | ML-150105-64582 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | EASTERN & ORIENTAL BERHAD (“E&O” OR “COMPANY”) • PROPOSED BONUS ISSUE • PROPOSED FREE WARRANTS ISSUE • PROPOSED REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES ISSUE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
We refer to the announcements dated 5 September 2014, 22 September 2014, 8 October 2014, 31 October 2014, 10 November 2014 and 28 November 2014 in relation to the Proposals. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcements. On behalf of the Board, HLIB wishes to announce that the Board has on 5 January 2015 fixed the exercise price for the Warrants at RM2.60 per Warrant. The exercise price of RM2.60 per Warrant represents a premium of approximately RM0.5314 or 25.69% to the theoretical ex-all price of E&O Stock Units after the Proposed Bonus Issue of RM2.0686, which is computed based on the five (5)-day VWAMP of E&O Stock Units, up to and including 2 January 2015 of RM2.2755 per E&O Stock Unit, being the last traded day for E&O Stock Units prior to this announcement. This announcement is dated 5 January 2015. | |
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