Type | Announcement |
Subject | MALAYAN BANKING BERHAD (“MAYBANK”) |
Contents | RENOUNCEABLE RIGHTS ISSUE OF 2,196,516,217 NEW ORDINARY SHARES OF RM1.00 EACH IN MAYBANK ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM2.74 PER RIGHTS SHARE, PAYABLE IN FULL UPON ACCEPTANCE, ON THE BASIS OF NINE (9) RIGHTS SHARES FOR EVERY TWENTY (20) EXISTING ORDINARY SHARES OF RM1.00 EACH IN MAYBANK HELD AT 5.00 P.M. ON 2 APRIL 2009 ("RIGHTS ISSUE") |
On behalf of the Board of Directors of Maybank (“Board”), Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad) is pleased to announce that as at the close of acceptance and payment of the Rights Issue at 5.00 p.m. on 21 April 2009, the total acceptances and excess applications received for the Rights Issue were for 2,805,311,420 Rights Shares. This represents an excess application of approximately 27.72% over the 2,196,516,217 Rights Shares available for subscription under the Rights Issue. The details of acceptances by the entitled shareholders and the excess applications received as at the close of acceptance and payment of the Rights Issue at 5.00 p.m. on 21 April 2009 are set out in Table 1.
The Board has determined the basis of allotment of the excess Rights Shares applied for under the Excess Rights Shares Application as follows:-
(i) firstly, to minimise the incidence of odd lots; and
(ii) secondly, for allocation to Entitled Shareholders and/or their renouncees (if applicable) who have applied to subscribe for excess Rights Shares on a pro-rated basis and in board lot, after taking into consideration, inter-alia, the quantum of excess Rights Shares applied for.
This announcement is dated 24 April 2009.
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 24 Apr 2009 |
Category | General Announcement |
Reference No | MI-090424-60835 |