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17-12-2009 |
| Submitting Merchant Bank |
AMINVESTMENT BANK BERHAD |
| Company Name |
IOI CORPORATION BERHAD |
| Stock Name |
IOICORP |
| Date Announced |
17/12/2009 | |
| Type |
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Announcement |
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| Subject |
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IOI CORPORATION BERHAD ("IOI" OR THE "COMPANY")
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| Contents |
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RENOUNCEABLE RIGHTS ISSUE OF UP TO 420,747,059 NEW ORDINARY SHARES OF RM0.10 EACH IN IOI (“RIGHTS SHARE(S)”) AT AN ISSUE PRICE OF RM2.90 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIFTEEN (15) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN THE COMPANY AS AT 5.00 P.M. ON 26 NOVEMBER 2009 (“RIGHTS ISSUE”) |
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| Attachments |
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Table - Subscription rate.pdf |
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| Announcement Details |
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Reference is made to the Company’s announcements dated 23 July 2009 and 28 October 2009 in relation to the Rights Issue. |
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(Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the announcements dated 23 July 2009 and 28 October 2009.)
On behalf of the Board, AmInvestment Bank Berhad (a member of AmInvestment Group) (“AmInvestment Bank”) is pleased to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 14 December 2009 (“Closing Date”), the total valid acceptances and excess applications received for the Rights Issue were for 819,409,892 Rights Shares representing a subscription level of 205.46% of the total number of Rights Shares available for subscription under the Rights Issue.
The total proceeds received from the valid acceptances and excess applications amounted to approximately RM2.38 billion, of which oversubscription monies totalling approximately RM1.22 billion will be refunded in the manner as stated in the Abridged Prospectus dated 26 November 2009 in relation to the Rights Issue (“Abridged Prospectus”).
Details of the valid acceptances and excess applications received as at the Closing Date are set out in Table 1.
The excess Rights Shares will be allotted in the manner as stated in the Abridged Prospectus.
This announcement is dated 17 December 2009. | | |
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