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Multiple Proposals

BackMar 21, 2011
Date Announced : 21/03/2011  



Type : Announcement
Subject :
MULTIPLE PROPOSALS

Description :
MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 507,087,462 NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 FOR EACH RIGHTS SHARE ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 7 EXISTING MBSB SHARES HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 507,087,462 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED;

(II) PROPOSED CHANGE IN THE COMPOSITION AND INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY; AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY

(COLLECTIVELY TO BE REFERRED TO AS “PROPOSALS”)
   
 

Announcement Details/Table Section :

We refer to the past announcements made in relation to the Proposals. 

On behalf of the Board of Directors of MBSB, RHB Investment Bank Berhad is pleased to announce that the Controller of Foreign Exchange of Bank Negara Malaysia has vide its letter dated 14 March 2011 (which was received today) approved the issuance of the Warrants to non-resident shareholders of the Company.

 

This announcement is dated 21 March 2011.

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