JOHORE TIN BERHAD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”)– RIGHTS ISSUE WITH WARRANTS
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Abridged Prospectus issued by JTB dated 24 October 2012 in relation to the Rights Issue with Warrants.
We refer to the earlier announcements as well as the Abridged Prospectus issued by JTB dated 24 October 2012 in relation to the Rights Issue with Warrants. On behalf of the Board of Directors of JTB (“Board”), OSK wishes to announce that as at the close of acceptance and payment for the Rights Issue with Warrants at 5 p.m. on 9 November 2012, the Rights Shares have been oversubscribed by 15.71% over the total number of 23,326,333 Rights Shares available for subscription under the Rights Issue with Warrants.

The details of the acceptances and excess applications received as at the last time and date of acceptance and payment for the Rights Issue with Warrants being 5.00 p.m. on 9 November 2012, are set out in the table below:-

No. of Rights Shares
%
Acceptances
23,175,284
99.35
Excess applications
3,815,617
16.36
Total acceptances and excess applications
26,990,901
115.71
Total Rights Shares available for subscription
(23,326,333)
(100.00)
Oversubscription
3,664,568
15.71

The Board has approved the basis of allocation for the excess Rights Shares 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 with Warrants on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at the entitlement date;
(iii) thirdly, for allocation to entitled shareholders who have applied for excess Rights Shares with Warrants on a pro-rata basis based on the quantum of their respective excess Rights Shares with Warrants application; and
(iv) fourthly, for allocation to entitled shareholders and/or renouncee(s) who have applied for excess Rights Shares with Warrants on a pro-rata basis based on the quantum of their respective excess Rights Shares with Warrants application.

This announcement is dated 20 November 2012.


Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 20 Nov 2012
Category General Announcement
Reference No OI-121120-37020