Investor Relations

New issue of securities (Chapter 6 of Listing Requirements):combination of New Issue Of Securities
BackJul 11, 2012
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description JAYA TIASA HOLDINGS BERHAD (“JTH” OR “COMPANY”)

(I) PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN JTH (“JTH SHARES”), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PLACEMENT”); AND

(II) BONUS ISSUE OF NEW JTH SHARES (“BONUS SHARES”) ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 JTH SHARE HELD AFTER THE PLACEMENT (“BONUS ISSUE”)

We refer to the announcement dated 22 March 2012 in relation to the above.

On behalf of JTH, CIMB Investment Bank Berhad wishes to announce that the book-building exercise in relation to the Placement has been completed.

The number of new JTH Shares (“Placement Shares”) to be issued under the Placement is 42,044,100 Placement Shares, representing approximately 15% of the issued and fully-paid up share capital of JTH (excluding treasury shares) as at 10 July 2012.

The issue price for the Placement Shares has been fixed at RM7.90 per Placement Share, representing a discount of approximately 11% to the 5-day volume weighted average market price of JTH Shares traded on Bursa Malaysia Securities Berhad up to 10 July 2012 being the market day immediately prior to the price-fixing date, of RM8.87.

The total gross proceeds to be raised from the issuance of the Placement Shares is approximately RM332 million to be utilised in the following manner:

 

 

Expected timeframe for utilisation

RM 000

 

 

 

 

 

 

Repayment of bank borrowings

Within 6 months

100,000

Construction of palm oil mills

Within 24 months

225,848

Estimated expenses for the Placement and Bonus Issue

Within 3 months

6,300

 

 

 

 

332,148

 Note:

Further details of the utilisation of the proceeds were set out in the Circular to shareholders of JTH dated 10 May 2012.

 

This announcement is dated 11 July 2012.

 


Announcement Info

Company Name JAYA TIASA HOLDINGS BHD  
Stock Name JTIASA    
Date Announced 11 Jul 2012  
Category General Announcement
Reference No MM-120711-29447