Updated : 07/08/2009

Proposed Bonus Issue and Proposed Rights Issue of Warrants

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of IJM CORPORATION BERHAD (104131-A) will be held at Victorian Ballroom, Level 1, Holiday Villa Hotel & Suites Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan, Malaysia on Tuesday, 25 August 2009 at 4.45 p.m. (or immediately following the conclusion (or adjournment) of another EGM on the same day and at the same venue), for the purpose of considering and, if thought fit, passing the following ordinary resolutions:- 
 

1.	Proposed 2:5 Bonus Issue
	“THAT the Directors be and are hereby authorized to capitalize up to RM385,519,830 from the share premium account of the Company and the same be applied for the allotment and issuance of up to 385,519,830 new ordinary shares of RM1 each (“Shares”), credited as fully paid-up (“Bonus Shares”), to the shareholders (whose names appear in the Record of Depositors as at the close of business on an entitlement date to be determined by the Directors) on the basis of two (2) Bonus Shares for every five (5) existing Shares held (“Proposed Bonus Issue”) AND THAT the Bonus Shares shall, upon allotment and issuance, rank pari passu in all respects with the then existing Shares, save and except that they shall not be entitled to any dividends, rights, allotments and/or other distributions, the entitlement date of which is prior to the date of allotment and issuance of the Bonus Shares AND THAT the Directors be and are hereby further authorized to do all acts and things to give full effect to the Proposed Bonus Issue, including to deal with any fractional entitlements.”
2.	Proposed 1:10 Rights Issue of Warrants
	“THAT the Directors be and are hereby authorized:-
	(i)	to provisionally allot by way of a renounceable rights issue of up to 134,931,940 new warrants (“Warrants”) at an issue price to be determined by the Directors on the basis of one (1) Warrant for every ten (10) existing ordinary shares of RM1 each (“Shares”) and on such other terms and conditions as the Directors may determine (“Proposed Rights Issue of Warrants”);
	(ii)	to allot and issue additional Warrants and/or to adjust the exercise price arising from the adjustment(s) in accordance with the provisions in the deed poll constituting the Warrants to be executed by the Company;
	(iii)	to allot and issue such appropriate number of new Shares, credited as fully paid-up, to the holders of the Warrants arising from the exercise of the Warrants to subscribe for new Shares AND THAT any new Shares to be issued upon the exercise of the Warrants shall, upon allotment and issuance, rank pari passu in all respects with the then existing Shares, save and except that they shall not be entitled to any dividends, rights, allotments and/or other distributions, the entitlement date of which is prior to the date of allotment and issuance of the new Shares arising from the exercise of the Warrants; and
	(iv)	to do all acts and things to give full effect to the Proposed Rights Issue of Warrants, including to deal with any fractional entitlements.”
	Notes:-
1.	APPOINTMENT OF PROXY
	A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his stead and such a proxy need not be a member of the Company. In the case of a corporate member, the instrument appointing a proxy must be either under its common seal or under the hand of its officer or attorney duly authorized. The instrument appointing a proxy must be deposited at the registered office of the Company not less than forty-eight (48) hours before the time set for holding the meeting or adjourned meeting. The Circular and Form of Proxy (PDF format, 236 KB) are available for access and download at IJM website at http://www.ijm.com.
2.	Registration of Attendance
	Members are advised to register their attendance early, since the EGM will start right after the conclusion of another EGM, which may start earlier than the scheduled time of 4.30 p.m.