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RENOUNCEABLE TWO-CALL RIGHTS
ISSUE OF 241,894,985 NEW ORDINARY SHARES OF RM0.10 EACH IN asiaEP
BERHAD (“asiaEP”) (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS
SHARE FOR EACH EXISTING ORDINARY SHARE OF RM0.10 EACH IN asiaEP
(“asiaEP SHARE”) HELD AT 5.00 P.M. ON 12 AUGUST 2009 (“ENTITLEMENT
DATE”), TOGETHER WITH BONUS ISSUE OF 241,894,985 NEW asiaEP SHARES
(“BONUS SHARES”) AND 241,894,985 NEW FREE DETACHABLE WARRANTS
(“WARRANTS”) ON THE BASIS OF ONE (1) BONUS SHARE AND ONE (1) WARRANT
FOR EACH RIGHTS SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.10 PER
RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.06 IS PAYABLE IN CASH
ON APPLICATION AND THE SECOND CALL OF RM0.04 IS TO BE CAPITALISED
FROM asiaEP’s SHARE PREMIUM ACCOUNT (“RIGHTS ISSUE”)
On
behalf of the Board of Directors of asiaEP (“Board”), RHB Investment
Bank Berhad would like to announce that based on the applications
received at the close of the Rights Issue at 5.00 p.m. on 1
September 2009 (“Closing Date”), the Rights Issue has been
oversubscribed by 353,997,768 Rights Shares or approximately 146.34%
over the total number of the Rights Shares.
The details of
total acceptances by the entitled shareholders of asiaEP and excess
applications received for the Rights Issue are set out in Table 1 of
this announcement.
The Board has determined the basis of
allotment for the excess Rights Shares together with Bonus Shares
and Warrants applied for under the excess Rights Shares application
as follows :-
(i) firstly, to minimise the incidence of odd
lots; and
(ii) secondly, for allocation to entitled
shareholders and their renouncee(s) (as the case may be) who have
applied for excess Rights Shares together with Bonus Shares and
Warrants, on a pro-rata basis and in board lot, after taking into
consideration, inter alia, the quantum of excess Rights Shares
application.
This announcement is dated 4 September 2009.
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