Bursa Announcements

Multiple Proposals

BackAug 30, 2017
Type Announcement
Subject MULTIPLE PROPOSALS
Description

ELK-DESA RESOURCES BERHAD ("ELK-DESA" OR THE "COMPANY") (I) RIGHTS ISSUE; AND (II) EXEMPTION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

(Unless otherwise stated, the abbreviations used herein shall have the same meaning as those mentioned in the Company’s Abridged Prospectus dated 8 August 2017.)

We refer to the Abridged Prospectus dated 8 August 2017.

On behalf of the Board, Mercury Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 23 August 2017 ("Closing Date"), the total valid acceptances and excess applications received for the Rights Issue is 46,492,498 Rights Shares, representing 100% of the Rights Shares available for subscription under the Rights Issue.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

  No. of Rights Shares % of total Rights Shares available for subscription
Total valid acceptances 24,175,155 52.00
Total valid excess applications 22,317,343 48.00
Total valid acceptances and excess applications 46,492,498 100.00
Total Rights Shares available for subscription 46,492,498 100.00
Over-subscription - -

As set out above, the Rights Shares have been fully subscribed for as the Board has decided to allot the Rights Shares to all the Entitled Shareholders and/or their renouncee(s)/transferee(s) who have applied for the Excess Rights Shares. 

The Rights Shares are expected to be listed and quoted on the Main Market of Bursa Securities on 8 September 2017.

This announcement is dated 30 August 2017.

 


Announcement Info

Company Name ELK-DESA RESOURCES BERHAD
Stock Name ELKDESA
Date Announced 30 Aug 2017
Category General Announcement for PLC
Reference Number GA1-29082017-00038