| Contents | (All the abbreviations used in this announcement are as defined in the previous announcement dated 30 April 2010.)
Further to the announcement dated 30 April 2010 in relation to the Proposed Private Placement, Public Investment Bank Berhad ( PIVB ), on behalf of the Board of Directors of EFMB, is pleased to announce that Bursa Malaysia Securities Berhad had vide its letter dated 10 May 2010, which was received on 11 May 2010, approved the listing of up to 12,111,850 new ordinary shares of RM0.10 each in EFMB ( EFMB Shares ) to be issued pursuant to the Proposed Private Placement ( Placement Shares ) subject to the following conditions:
(i) EFMB/PIVB and its advisers must fully comply with the relevant provisions under the ACE Market Listing Requirements ( ACE LR ) pertaining to the implementation of the Proposed Private Placement;
(ii) EFMB/PIVB to inform Bursa Securities upon the completion of the Proposed Private Placement;
(iii) EFMB/PIVB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities approval once the Proposed Private Placement has been implemented; and
The new ordinary shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class and quotation of Placement Shares will commence on the next market day after the following:
(i) Submission of the share certificate together with a covering letter containing the summary of the corporate proposal to Bursa Malaysia Depository Sdn Bhd ( Bursa Depository ) before 10 a.m. on the market day prior to the listing date;
(ii) Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the respective account holders; and
(iii) An announcement in accordance to Paragraph 12.2 of Guidance Note 17 of the ACE LR is submitted via Bursa Link before 3 pm on the market day prior to the listing date.
Further thereto, PIVB, on behalf of the Board, wishes to announce that the Board has determined 11 May 2010 as the price-fixing date for the Proposed Private Placement. The issue price for the placement of up to 12,111,850 new EFMB Shares to be issued pursuant to the Proposed Private Placement has been fixed at RM0.44 per Placement Share ( Issue Price ).
The Issue Price represents a discount of approximately 9.26% to the five (5)-day volume weighted average market price of EFMB Shares from 4 May 2010 to 10 May 2010 of RM0.4849.
This announcement is dated 11 May 2010. |