NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING RENOUNCEABLE RIGHTS ISSUE OF 469,436,998 NEW REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES OF RM0.10 EACH IN RCE (“RCPS”) AT AN ISSUE PRICE OF RM0.38 PER RCPS ON THE BASIS OF TWO (2) RCPS FOR EVERY FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN RCE (“SHARES”) HELD AFTER THE BONUS ISSUE OF 391,197,321 NEW SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SHARES HELD AS AT 5.00 P.M. ON 31 OCTOBER 2012 (“RIGHTS ISSUE”)
| RCE CAPITAL BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | RENOUNCEABLE RIGHTS ISSUE OF 469,436,998 NEW REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES OF RM0.10 EACH IN RCE (“RCPS”) AT AN ISSUE PRICE OF RM0.38 PER RCPS ON THE BASIS OF TWO (2) RCPS FOR EVERY FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN RCE (“SHARES”) HELD AFTER THE BONUS ISSUE OF 391,197,321 NEW SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) SHARES HELD AS AT 5.00 P.M. ON 31 OCTOBER 2012 (“RIGHTS ISSUE”) |
We refer to the announcements dated 14 February 2012, 26 April 2012, 25 May 2012, 6 June 2012, 29 August 2012, 21 September 2012, 28 September 2012, 2 October 2012, 16 October 2012, 25 October 2012, 29 October 2012, 31 October 2012 and 1 November 2012. All abbreviations used herein shall have the same meaning as those used in the abovementioned announcements unless stated otherwise. On behalf of RCE, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 19 November 2012 (“Closing Date”), RCE received total valid acceptances and excess applications for 222,068,418 RCPS. This represents a subscription rate of 47.31% of the 469,436,998 RCPS available for subscription under the Rights Issue. Details of the valid acceptances and excess applications received as at the Closing Date are set out in Table A, as attached. All excess RCPS applied for will be allotted in full. In view of the undersubscription, RCE’s major shareholder namely, Cempaka Empayar Sdn Bhd will subscribe for the remaining unsubscribed 247,368,580 RCPS pursuant to its Undertakings as stated in the Abridged Prospectus dated 31 October 2012. The RCPS is expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 30 November 2012. This announcement is dated 26 November 2012. | |
Announcement Info
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 26 Nov 2012 |
| Category | General Announcement |
| Reference No | ML-121126-56711 |