Date : 08 June 2016

MULTIPLE PROPOSALS MULPHA INTERNATIONAL BHD ("MULPHA" OR THE "COMPANY") I. RIGHTS ISSUE; AND II. EXEMPTION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

MULPHA INTERNATIONAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
MULPHA INTERNATIONAL BHD ("MULPHA" OR THE "COMPANY")

I.	RIGHTS ISSUE; AND 

II.	EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises.

 

We refer to our earlier announcements dated 9 November 2015, 25 November 2015, 29 December 2015 and 3 May 2016.

 

On behalf of the Board of Directors of Mulpha ("Board"), RHB Investment Bank Berhad ("RHBIB") wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 1 June 2016, the total acceptances and excess applications for the Rights Issue were 920,006,919 Rights Shares, which represents an under-subscription of 13.76% from the total number of 1,066,826,679 Rights Shares available for subscription under the Rights Issue.

 

The details of the acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue as at 5.00 p.m. on 1 June 2016 are set out below:-

 

No. of Rights Shares

      %

Acceptances

           880,646,256

   82.55

Excess applications

            39,360,663

    3.69

Total acceptances and excess applications

           920,006,919

   86.24

Total Rights Shares available for subscription

         1,066,826,679

 100.00

Under-subscription

           146,819,760

   13.76

 

 

In view that the Rights Shares have not been fully subscribed for, the Board has resolved to allot the Rights Shares to all applicants who have applied for the excess Rights Shares in full.

 

The undersubscribed 146,819,760 Rights Shares have been subscribed by a substantial shareholder of Mulpha, namely MUL, pursuant to the Additional Undertaking (as defined in the Abridged Prospectus dated 17 May 2016).

 

 

This announcement is dated 8 June 2016.



Announcement Info

Company Name MULPHA INTERNATIONAL BERHAD
Stock Name MULPHA
Date Announced 08 Jun 2016
Category General Announcement for PLC
Reference Number GA1-08062016-00079


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