NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description
KPJ HEALTHCARE BERHAD (“KPJ” OR THE “COMPANY”)
(I) BONUS ISSUE OF UP TO 329,766,497 NEW ORDINARY SHARES OF RM0.50 EACH IN KPJ (“KPJ SHARE(S)”) (“BONUS SHARE(S)”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING KPJ SHARES HELD AS AT 5.00 P.M. ON 26 DECEMBER 2013 (“ENTITLEMENT DATE”) (“BONUS ISSUE”); AND
(II) RENOUNCEABLE RIGHTS ISSUE OF UP TO 43,968,866 NEW KPJ SHARES (“RIGHTS SHARE(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIFTEEN (15) EXISTING KPJ SHARES HELD ON THE ENTITLEMENT DATE, TOGETHER WITH UP TO 87,937,732 FREE DETACHABLE NEW WARRANTS (“NEW WARRANT(S)”) ON THE BASIS OF TWO (2) NEW WARRANTS FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED (“RIGHTS ISSUE”);
(COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)
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 Corporate Exercises, where applicable.
We refer to the announcements dated 29 July 2013, 6 September 2013, 20 September 2013, 11 October 2013 and 28 November 2013 in relation to the Corporate Exercises.
On behalf of the Board of Directors of KPJ (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the Board had on even date resolved to fix the issue price for the Rights Shares at RM2.80 per Rights Share pursuant to the Rights Issue.
The aforementioned issue price represents a discount of approximately 30.17% to the theoretical ex-all price of RM4.01 per KPJ Share (after taking into account the Bonus Issue), calculated based on the five (5)-day volume weighted average market price (“VWAP”) of KPJ Shares up to 10 December 2013 of RM6.10.
The Board had also resolved to fix the exercise price of the New Warrants at RM4.01 each, being the theoretical ex-all price of KPJ Shares (after taking into account the Bonus Issue), calculated based on the five (5)-day VWAP of KPJ Shares up to 10 December 2013 of RM6.10.
In addition, the Board had on even date entered into an underwriting agreement with RHB Investment Bank and Affin Investment Bank Berhad, being the Joint Underwriters, for the underwriting of up to 24,426,903 Rights Shares to be issued by KPJ pursuant to the Rights Issue. The Board had also on even date executed the deed poll constituting up to 87,937,732 free detachable New Warrants to be issued pursuant to the Rights Issue.
