New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackOct 13, 2015
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BHS INDUSTRIES BERHAD ("BHS" OR THE "COMPANY")

RIGHTS ISSUE WITH WARRANTS

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 29 April 2015 in relation to the Rights Issue with Warrants.

We refer to the announcements dated 29 April 2015, 2 June 2015, 22 June 2015, 30 June 2015, 6 July 2015, 13 July 2015, 28 July 2015, 14 August 2015, 24 August 2015, 9 September 2015, 28 September 2015 and 29 September 2015, in relation to the Rights Issue with Warrants.

On behalf of the Board of Directors of BHS (“Board”), RHB Investment Bank Berhad wishes to announce that as at the close of acceptance and payment for the Rights Issue with Warrants at 5.00 p.m. on 7 October 2015, the total valid acceptances and total valid excess applications received for the Rights Issue with Warrants were 133,076,915 Rights Shares, which represents an over subscription of 33,931,716 Rights Shares or approximately 34.22% over the total of 99,145,199 Rights Shares available for subscription under the Rights Issue with Warrants.

Details of the total valid acceptances and excess applications received as at the close of acceptance and payment of the Rights Issue with Warrants at 5.00 p.m. on 7 October 2015 are set out in the table below:

  No. of Rights Shares %
Total valid acceptances 96,426,434 97.26
Total valid excess applications 36,650,481 36.96
Total valid acceptances and excess applications 133,076,915 134.22
Total Rights Shares available for subscription 99,145,199 100.00
Over subscription 33,931,716 34.22

Accordingly, the Excess Rights Shares with Warrants will be allocated in accordance with the basis as stated in the Abridged Prospectus dated 9 September 2015 in relation to the Rights Issue with Warrants.

The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Securities on 22 October 2015.

This announcement is dated 13 October 2015.





Announcement Info

Company Name BHS INDUSTRIES BERHAD
Stock Name BHS
Date Announced 13 Oct 2015
Category General Announcement for PLC
Reference Number GA1-13102015-00046