News

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

Back29 Jan 2014
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description QL RESOURCES BERHAD ("QL" OR THE "COMPANY")

(I) BONUS ISSUE;
(II) RIGHTS ISSUE; AND
(III) EXEMPTION

(COLLECTIVELY REFERRED TO AS THE " CORPORATE EXERCISES")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises, where applicable. 

We refer to the previous announcements made in relation to the Corporate Exercises. 

On behalf of the Board of Directors of QL ("Board"), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the Securities Commission Malaysia vide its letter dated 29 January 2014 approved the Proposed Exemption. 

In addition, on behalf of the Board, RHB Investment Bank also wishes to announce that the Board had on even date resolved to fix the issue price for the Rights Shares at RM1.80 per Rights Share. The aforementioned issue price represents a discount of approximately 37.5% to the theoretical ex-all price of RM2.88 per QL Share (after taking into account the Bonus Issue) based on the five (5)-day volume weighted average market price of QL Shares up to and including 28 January 2014, being the last trading day immediately preceding the price-fixing date, of RM3.95. 

This announcement is dated 29 January 2014.

 


Announcement Info

Company Name QL RESOURCES BERHAD  
Stock Name QL    
Date Announced 29 Jan 2014  
Category General Announcement
Reference No MI-140129-61745