NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description
KPJ HEALTHCARE BERHAD (“KPJ” OR THE “COMPANY”)
(I) PROPOSED BONUS ISSUE; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (IV) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 29 July 2013 in relation to the Proposals, where applicable.
We refer to the announcement dated 29 July 2013 in relation to the Proposals.
On behalf of the Board of Directors of KPJ, RHB Investment Bank Berhad wishes to announce that KPJ intends to procureunderwriting arrangements for any remaining Rights Shares not subscribed for by the other Entitled Shareholders pursuant to the Proposed Rights Issue. The appointments of the underwriters have been finalised, with the underwriting agreement to be signed after the EGM to obtain shareholders’ approval for the Proposals.
Pursuant thereto, the Company will procure a written irrevocable undertaking from JCorp and/or its related companies, being the substantial shareholders of KPJ, to subscribe in full for its respective Rights Shares entitlement on the Entitlement Date for the Proposed Rights Issue.
In view of the above, there will be no take-over implications pursuant to the Code and hence, the Proposed Exemption and the relevant disclosures related thereto as earlier announced on 29 July 2013 will not form part of the Proposals.
Save for the above amendments, all other details relating to the Proposals, which was announced on 29 July 2013, where applicable, remains unchanged. Further details will be set out in a Circular to be issued to KPJ shareholders in due course.
