| JOHORE TIN BERHAD |
| 10/10/2012 06:03:30 PM |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”)
RENOUNCEABLE RIGHTS ISSUE OF 23,326,333 NEW ORDINARY SHARES OF RM1.00 EACH IN JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”) (“RIGHTS SHARE(S)”) TOGETHER WITH 23,326,333 NEW FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE AND ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH IN JTB (“JTB SHARE(S)”) HELD AT 5.00 P.M. ON 24 OCTOBER 2012 AT AN ISSUE PRICE OF RM1.28 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE (“RIGHTS ISSUE WITH WARRANTS”) |
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The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 8 August 2012 in relation to the Rights Issue with Warrants.
We refer to the earlier announcements in relation to the Rights Issue with Warrants. On behalf of the Board, OSK wishes to announce that the Board has resolved to fix the issue price of the Rights Shares at RM1.28 each pursuant to the Rights Issue with Warrants. The issue price per Rights Share of RM1.28 represents a discount of approximately 31.6% to the theoretical ex-rights price of RM1.87 per JTB Share, calculated based on the five (5)-day volume weighted average market price (“WAMP”) of JTB Shares up to and including 9 October 2012 of RM2.07. The Board has also resolved to fix the exercise price of the Warrants at RM2.28 each and has a tenure of five (5) years. The exercise price per Warrant represents a premium of approximately 21.9% to the theoretical ex-rights price of RM1.87 per JTB Share based on the five (5)-day WAMP of JTB Shares up to and including 9 October 2012 of RM2.07. This announcement is dated 10 October 2012. |
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Announcement Info
| Company Name | JOHORE TIN BERHAD |
| Stock Name | JOHOTIN |
| Date Announced | 10 Oct 2012 |
| Category | General Announcement |
| Reference No | OI-121010-39718 |