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Further to our announcement dated 27 July 2009, the Controller of
Foreign Exchange of Bank Negara Malaysia has on 20 August 2009 and
17 August 2009 approved the following:-
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(i) |
the issuance
of up to 134,931,940 IJM Warrants to the non-resident
shareholders of the Company, as well as such number of
additional IJM Warrants pursuant to adjustments to be made from
time to time in accordance with the provisions of the deed poll
constituting the IJM Warrants; and |
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(ii) |
the issuance
of such number of additional warrants 2005/2010 (“Warrants
2005/2010”) to the non-resident holders of Warrants 2005/2010
pursuant to adjustments to be made in accordance with the
provisions of the deed poll constituting the Warrants 2005/2010,
as a result of the Proposed Bonus Issue (which was announced on
26 May 2009) and the Proposed Rights Issue of Warrants.
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In addition,
further to our announcement dated 9 July 2009, the Company now
proposes to increase the size of the CP/MTN programme from RM700
million to up to RM1.0 billion. The intended utilization for the
additional RM300 million is to provide additional flexibilities in
the event of need for working capital and general funding of the
Group. Save for the programme limit, the other indicative principal
terms of the Proposed CP/MTN Programme remain unchanged, as
announced.
IJM has today submitted the application to the Securities Commission
in relation to the Proposed CP/MTN Programme.
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