Company announcements: MBSB

MBSB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement

Company Name	MALAYSIA BUILDING SOCIETY BERHAD
Stock Name	MBSB
Date Announced	10 Dec 2013
Category	General Announcement
Reference No	MB-131209-76823

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 889,807,870 NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING MBSB SHARES HELD ON THE ENTITLEMENT DATE AT AN ISSUE PRICE OF RM1.65
This announcement is dated 10 December 2013. Reference is made to the Company’s announcement dated 10 October 2013, 25 October 2013, 19 November 2013 and 24 November 2013 (“Earlier Announcements”) and the circular dated 25 November 2013 (“Circular”) in relation to the Proposed Rights Issue. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements. On behalf of the Board of MBSB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Issue Price has been fixed at RM1.65 per Rights Share on an entitlement basis of one (1) Rights Share for every two (2) existing MBSB Shares held by the Entitled Shareholders as at the Entitlement Date. The Issue Price of RM1.65 per Rights Share represents a discount of approximately 28.9% to the theoretical ex-rights price of MBSB Shares of RM2.32 (“TERP”) based on the 5-day volume weighted average market price up to 9 December 2013 of RM2.66. Based on the existing exercisable ESOS Options and the outstanding Warrants, the enlarged number of MBSB Shares shall be 1,779,615,740. Based on the enlarged number of MBSB Shares, the Rights Issue will involve the issuance of up to 889,807,870 Rights Shares to raise gross proceeds of up to RM1,468,182,985.50.

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