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Additional Listing Announcement

BackJul 09, 2018

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Acquisitions
Details of corporate proposal ACQUISITION OF THE ENTIRE EQUITY INTEREST IN WIDAD BUILDERS SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM520.0 MILLION TO BE SATISFIED THROUGH A COMBINATION OF CASH AND ISSUANCE OF NEW ORDINARY SHARES IN IDEAL JACOBS (MALAYSIA) CORPORATION BHD ("IDEAL JACOBS") ("IJ SHARES") ("ACQUISITION")
No. of shares issued under this corporate proposal 1,782,608,695
Issue price per share ($$) Malaysian Ringgit (MYR)   0.2300
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 1,920,609,845
Issued Share Capital ($$) Malaysian Ringgit (MYR) 430,880,131.350
Listing Date 10 Jul 2018

2. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Private Placement
Details of corporate proposal PRIVATE PLACEMENT OF UP TO 534,032,115 NEW IJ SHARES REPRESENTING 25% OF THE ENLARGED ISSUED SHARE CAPITAL OF IDEAL JACOBS UPON COMPLETION OF THE ACQUISITION ("PLACEMENT")
No. of shares issued under this corporate proposal 534,032,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.2500
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 2,454,641,845
Issued Share Capital ($$) Malaysian Ringgit (MYR) 564,388,131.350
Listing Date 10 Jul 2018

 

Remarks :


The listing of 1,782,608,695 Consideration Shares at the issue price of RM0.23 per Consideration Share marks the completion of the Acquisition.

The listing of 534,032,000 Placement Shares pursuant to the Placement at the Placement Issue Price of RM0.25 per Placement Share marks the completion of the Placement.

For the avoidance of doubt, following the listing of 1,782,608,695 Consideration Shares and 534,032,000 Placement Shares marks the completion of both Acquisition and Placement on the 10 July 2018.

 


Announcement Info

Company Name IDEAL JACOBS (MALAYSIA) CORPORATION BHD
Stock Name IJACOBS
Date Announced 09 Jul 2018
Category Additional Listing Announcement
Reference Number ALA-29062018-00009