The terms used herein shall, unless the
context otherwise stated, bear the same meaning as those defined in the earlier
announcement dated 17 October 2014 in relation to the Rights Issue with
Warrants.
We refer to the announcements dated 17 October
2014, 12 November 2014, 24 November 2014, 17 February 2015, 3 March 2015 and 13
March 2015 in relation to the Rights
Issue with Warrants.
On behalf
of KNM, Affin Hwang IB wishes to announce that as at the close of acceptance
and payment for the Rights Issue with Warrants at 5.00 p.m. on 13 April 2015, the total valid acceptances and excess
applications received for the Rights Issue with Warrants were 525,525,594 Rights
Shares, representing an over subscription of 202,367,904 Rights Shares or approximately 62.62% over the total of 323,157,690
Rights Shares available for
subscription under the Rights Issue with Warrants, the details of which are as follows:
| | |
Valid acceptances | 307,440,134 | 95.14 |
Valid excess applications | | |
Total
valid acceptances and excess applications | 525,525,594 | 162.62 |
Total Rights Shares available for
subscription pursuant to the Rights Issue with Warrants | | |
Over
subscription | | |
Successful applicants will be given 1 Warrant
B for every 2 Rights Shares subscribed for. The minimum number of Warrants B that can be
issued and allotted with the accepted Rights Shares is 1 Warrant B. Applicants
who subscribed for 1 Rights Share will not be entitled to any free Warrant B.
In order to be entitled for 1 free Warrant B, applicants would have to
subscribe for a minimum of 2 Rights Shares. Fractions of a Warrant B will be
dealt with by the Board as it may deem fit, expedient and in the best interest
of the Company.
Following the above and as stated in the
Abridged Prospectus dated 27 March 2015, the Board reserves the right to allot the excess
Rights Shares with Warrants B applied for by the Entitled Shareholders for the
Rights Issue of Warrants and/or their renouncee(s) in a fair and equitable
manner, on such basis as it may deem fit or expedient and in the best interest
of the Company. The basis for allotment of the excess Rights Shares with
Warrants B is set out below:-
firstly, to minimise
the incidence of odd lots;
secondly, for
allocation to Entitled Shareholders who have applied for the excess Rights
Shares with Warrants B on a pro-rata basis and in board lots, calculated based
on their respective shareholdings as at the Entitlement Date;
thirdly, for
allocation to Entitled Shareholders who have applied for the excess Rights
Shares with Warrants B on a pro-rata basis, calculated based on the quantum of
their respective excess Rights Shares with Warrants B application; and
finally, for
allocation to the renouncee(s) (if applicable) who have applied for the excess Rights
Shares with Warrants B on a pro-rata basis, calculated based on the quantum of
their respective excess Rights Shares with Warrants B application.
The Rights Shares with Warrants B will be allotted on
22 April 2015 and expected to be listed and
quoted on the Main Market of Bursa Malaysia Securities Berhad on 27 April 2015.
This announcement is dated 17 April 2015.