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New issue of securities (Chapter 6 of Listing Requirements): Combination of New Issue Of Securities

BackAug 24, 2011
Date Announced
:
 24/08/2011  



Type
:
 Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES

Description
:
FREIGHT MANAGEMENT HOLDINGS BERHAD (“FMHB” OR “THE COMPANY”)

(I) PROPOSED ISSUE OF 40,571,429 ORDINARY SHARES OF RM0.50 EACH IN FMHB (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING SHARES OF RM0.50 EACH HELD IN FMHB (“SHARES”) (“PROPOSED BONUS ISSUE”); AND

(II) PROPOSED ISSUE OF 24,342,857 FREE WARRANTS IN FMHB (“FREE WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY FIVE (5) EXISTING SHARES HELD ON THE SAME ENTITLEMENT DATE FOR THE PROPOSED BONUS ISSUE TO BE DETERMINED LATER (“PROPOSED FREE WARRANTS ISSUE”).

Announcement Details/Table Section :

On behalf of the Board Directors of FMHB, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

(i)             a bonus issue of 40,571,429 Bonus Shares on the basis of one (1) Bonus Share for every three (3) existing Shares held in FMHB; and

(ii)           a free warrants issue of 24,342,857 Free Warrants on the basis on one (1) Free Warrant for every five (5) existing Shares held at the same entitlement date for the Proposed Bonus Issue to be determined later.

Further details of the Proposed Bonus Issue and Proposed Free Warrants Issue are set out in the attached file.

This announcement is dated 24 August 2011.

Attachments

  1. Freight240811b.pdf (Size: 55,363 bytes)