Renounceable rights issue of 212,045,402 New ordinary shares of rm0.50 each ("Rights Shares") with 106,022,701 Free Detachable Warrants ("Warrants"), on The Basis of two (2) rights shares with One (1) Warrant For Every Two (2) Existing Ordinary Shares of RM0.50 Each Held at 5.00 P.m. On 23 April 2007 At An issue Price Of RM0.57 Per Rights Share ("Rights Issue With Warrants")
BackMay 18, 2007
| General Announcement |
| Reference No MM-070518-64612 |
| Submitting Merchant Bank |
:
|
MIMB INVESTMENT BANK BERHAD |
| Company Name |
:
|
SALCON BERHAD |
| Stock Name |
:
|
SALCON |
| Date Announced |
:
|
18/05/2007 |
 |
|
|
| Type | : | Announcement |
| Subject | : | RENOUNCEABLE RIGHTS ISSUE OF 212,045,402 NEW ORDINARY SHARES OF RM0.50 EACH ("RIGHTS SHARES") WITH 106,022,701 FREE DETACHABLE WARRANTS ("WARRANTS"), ON THE BASIS OF TWO (2) RIGHTS SHARES WITH ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD AT 5.00 P.M. ON 23 APRIL 2007 AT AN ISSUE PRICE OF RM0.57 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS") |
Contents :
On behalf of Salcon Berhad, MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers 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 15 May 2007, the Rights Shares with Warrants have been oversubscribed by 48.90% over the total number of 212,045,402 Rights Shares with 106,022,701 Warrants available for subscription under the Rights Issue with Warrants.
Details of acceptance and excess applications received at the close of acceptance and payment for the Rights Issue with Warrants at 5.00 p.m. on 15 May 2007 are set out in the table below.
|
Rights Shares
|
|
Number %
|
|
|
| Acceptances |
209,970,080 99.02
|
| Excess applied |
105,768,258 49.88
|
| Total |
315,738,338 148.90
|
| Total number of Rights Shares/Warrants to be issued |
212,045,402 100.00
|
| Oversubscription |
103,692,936 48.90
|
|
|