| Admission Sponsor |
OSK Investment Bank Bhd |
| Sponsor |
Same as above |
| Type |
Announcement |
| Subject |
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING |
| Description |
MANAGEPAY SYSTEMS BERHAD
(“MANAGEPAY” OR THE “COMPANY”)
(I) RIGHTS ISSUE WITH WARRANTS;
(II) INCREASE IN THE AUTHORISED SHARE CAPITAL; AND
(III) AMENDMENT.
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
| |
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 25 April 2012 in relation to the Proposals.
We refer to the announcements dated 25 April 2012, 30 April 2012, 11 May 2012, 15 May 2012, 23 May 2012, 29 May 2012 and 22 June 2012 in relation to the Proposals.
On behalf of the Board of Directors of ManagePay (“Board”), OSK Investment Bank Bhd wishes to announce that as at the close of acceptance and payment of the Rights Issue With Warrants at 5.00 p.m. on 30 July 2012, the total valid acceptances and total valid excess applications received for the Rights Issue With Warrants were 242,393,322 Rights Shares together with 242,393,322 Warrants, which represents an over subscription of 32.43% over the total number of 183,031,190 Rights Shares together with 183,031,190 Warrants available for subscription under the Rights Issue With Warrants.
Details of the valid acceptances and valid excess applications received as at the close of acceptance and payment of the Rights Issue With Warrants at 5.00 p.m. on 30 July 2012 are set out in the table below:
 |
No. of Rights Shares |
% |
| Total valid acceptances |
176,926,189 |
96.66 |
| Total valid excess applications |
65,467,133 |
35.77 |
| Total valid acceptances and excess applications |
242,393,322 |
132.43 |
| Total Rights Shares available for subscription |
183,031,190 |
100.00 |
| Over subscription |
59,362,132 |
32.43 |
The Board has approved the basis of allocation for the excess Rights Shares together with Warrants applied for under the Rights Issue With Warrants in the following priority:
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, for allocation to Entitled Shareholders who have applied for excess Rights Shares and Warrants on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at the Entitlement Date; and
(iii) thirdly, for allocation to the applicants who have applied for excess Rights Shares and Warrants on a pro-rata basis calculated based on the quantum of excess Rights Shares and Warrants applied for.
This announcement is dated 2 August 2012. |
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