Announcement
September 8, 2009 |
Updated : 08/09/2009 |
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Bonus Issue and Rights Issue of Warrants |
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Further to our announcement on 28 August 2009, the Company is pleased to
announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 7
September 2009 approved the following:-
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(i) |
the listing and quotation of up to
385,519,830 Bonus Shares on the Main Market of Bursa Securities;
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(ii) |
the listing and
quotation of up to 8,708,936 additional Warrants 2005/2010 to be
issued pursuant to adjustment arising from the Bonus Issue; |
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(iii) |
the listing of up to
8,708,936 new IJM Shares to be issued pursuant to the exercise of the
additional Warrants 2005/2010; |
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(iv) |
the admission to the
official list and the listing and quotation of up to 134,931,940 new
warrants in the Company (“IJM Warrants”) to be issued pursuant to the
Rights Issue of Warrants; and |
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(v) |
the listing of up to
134,931,940 new IJM Shares to be issued pursuant to the exercise of
IJM Warrants. |
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The approval granted by Bursa Securities in relation to the Bonus Issue
is subject to the following conditions:-
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i) |
IJM and its adviser
must fully comply with the relevant provisions under the Listing
Requirements of Bursa Securities pertaining to the implementation of
the Bonus Issue; |
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(ii) |
IJM and its adviser to
inform Bursa Securities upon the completion of the Bonus Issue; |
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(iii) |
IJM to furnish Bursa
Securities with a written confirmation of its compliance with the
terms and conditions of Bursa Securities’ approval once the Bonus
Issue is completed; and |
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(iv) |
IJM and its adviser are required to make
the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b),
6.35(4) and 6.56(2) of the Listing Requirements. |
Following the approval
of the Bursa Securities, the Company is also pleased to announce that:-
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(i) |
the issue price for
the IJM Warrants has been fixed at RM0.25 per IJM Warrant; and
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(ii) |
the exercise price
for the IJM Warrants has been fixed at RM4.00 for every one (1) new
IJM Share. |
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The issue price and
the exercise price for the IJM Warrants were determined by the
Directors after taking into consideration, inter-alia, the
historical volatility of the IJM Shares and the theoretical ex-bonus
price of the IJM Shares of RM4.23, which was calculated based on the
five (5)-day volume weighted average price of the IJM Shares up to
and including 7 September 2009 of RM5.93. |
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