BURSA ANNOUNCEMENTS
MULTIPLE PROPOSALS - ATTA GLOBAL GROUP BERHAD ("ATTA" OR THE "COMPANY") (I) RIGHTS ISSUE OF ICPS; AND (II) M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| Type | Announcement | ||||||||||||||||||
| Subject | MULTIPLE PROPOSALS | ||||||||||||||||||
| Description | ATTA GLOBAL GROUP BERHAD ("ATTA" OR THE "COMPANY") (I) RIGHTS ISSUE OF ICPS; AND (II) M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") | ||||||||||||||||||
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcement(s), where applicable, unless stated otherwise or defined herein.) Reference is made to the Company’s announcement on 31 March 2017, 13 April 2017, 25 May 2017, 29 May 2017, 30 May 2017, 15 June 2017, 23 October 2017 and 6 November 2017 in relation to the Corporate Exercises. On behalf of the Board, PIVB wishes to announce that as at the close of acceptance and payment for the Rights Issue of ICPS at 5.00 p.m. on Tuesday, 21 November 2017 (“Closing Dateâ€), the total valid acceptances and excess applications received for the Rights ICPS were 2,150,711,421 Rights ICPS. This represents an over-subscription of 928,284,701 Rights ICPS or approximately 75.94% over the total of 1,222,426,720 Rights ICPS available for subscription under the Rights Issue of ICPS. The details of the total valid acceptances and excess applications received as at the Closing Date for the Rights Issue of ICPS are as follows:
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The Board has applied the basis in allocating the excess Rights ICPS as set out in the Abridged Prospectus dated 6 November 2017, which is as follows:
(i)Â Â Â Â Â Â Â Â firstly, to minimise the incidence of odd lots;
(ii)Â Â Â Â Â Â Â secondly, for allocation to the entitled shareholders who have applied for the excess Rights ICPS on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the entitlement date;
(iii)Â Â Â Â Â Â thirdly, for allocation to the entitled shareholders who have applied for the excess Rights ICPS on a pro-rata basis and in board lots, calculated based on the quantum of their respective excess Rights ICPS application; and
(iv)Â Â Â Â Â Â lastly, for allocation to renouncee(s)/transferee(s) who have applied for the excess Rights ICPS on a pro-rata basis and in board lots, calculated based on the quantum of their respective excess Rights ICPS application.
In the event of any balance of excess Rights ICPS after the above sequence of allocations, the balance of excess Rights ICPS will be allocated again through the same sequence of allocations (ii), (iii) and (iv) above until all excess Rights ICPS are fully allocated.
The ICPS are expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 6 December 2017.
This announcement is dated 28 November 2017.
ANNOUNCEMENT INFO
| Reference No | GA1-28112017-00014 |
| Company Name: | ATTA GLOBAL GROUP BERHAD |
| Stock Name: | ATTA |
| Date Announces: | 28 Nov 2017 |
| Category: | General Announcement for PLC |