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

BackDec 20, 2011
Date Announced
:
 20/12/2011  



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

Description
:
FREIGHT MANAGEMENT HOLDINGS BHD (“FMHB”)

(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

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Announcement Details/Table Section :

 

We refer to the announcements dated 24 August 2011, 12 October 2011, 25 October 2011 and 31 October 2011 in relation to the Proposals.  

On behalf of the Board of Directors of FMHB, RHB Investment Bank Berhad wishes to announce that FMHB had on 20 December 2011, fixed the exercise price for the Free Warrants at RM0.97 each.

The exercise price for the Free Warrants at RM0.97 each represents a 10% premium to the theoretical ex-price of the Shares after the Proposed Bonus Issue of RM0.88, which was calculated based on the five (5)-day volume-weighted average market price of RM1.17 per Share, up to and including 19 December 2011.

This announcement is dated 20 December 2011.