New Issue Of Securities (Chapter 6 of Listing Requirements): Combination Of New Issue Of Securities

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description	MBM RESOURCES BERHAD (“MBMR” OR THE “COMPANY”) (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS; (COLLECTIVELY KNOWN AS THE “PROPOSALS”)
Unless stated otherwise, capitalised terms used in this announcement shall carry the same meaning as defined in the announcement dated 24 February 2012 (“Announcement”). Further to the Announcement, on behalf of the Company, AmInvestment Bank Berhad wishes to provide the following additional information, as requested by Bursa Malaysia Securities Berhad: Page 7, Section 2.2.8 The breakdown of the allocated amount for working capital and estimated expenses for the Proposals is as follow: (a) approximately RM3.3 million is allocated for MBMR Group’s working capital requirements which includes but is not limited to the funding of the MBMR Group’s day-to-day operations and operating/ administrative expenses; and (b) the estimated expenses for the Proposals is approximately RM1.3 million. The breakdown of the estimated expenses is as follows: Amount RM’000 Professional fees and fees relating to credit facilities 1,000 Fees to the regulatory authorities 120 Miscellaneous expenses 180 Total 1,300 Page 8, Section 3.2(iv): “upon the exercise of the free Warrants, it will enable the MBMR Group to raise further funds, i.e. of up to approximately RM111.9 million and RM212.1 million, based on the indicative Warrant exercise price of RM2.88 per Warrant, under on the Minimum Scenario and Maximum Scenario respectively.” We wish to clarify that the indicative Warrant exercise price is assumed to be RM2.88 per Warrant, representing about 4% premium to the TEAP of the Shares of approximately RM2.769 based on the three (3)-month VWAP up to and including 23 February 2012, being the last trading day prior to the date of the Announcement, of RM3.971. This announcement is dated 27 February 2012.

Announcement Info