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Exchange Filings


19 Jul 2013


MULTIPLE PROPOSALS

Description TAMBUN INDAH LAND BERHAD (“TAMBUN” OR THE “COMPANY”)

I. PROPOSED ACQUISITION OF:

A. 2,302,400 ORDINARY SHARES OF RM1.00 EACH IN PALMINGTON SDN BHD (“PALMINGTON”), REPRESENTING 40.0% EQUITY INTEREST IN PALMINGTON; AND

B. 300,000 ORDINARY SHARES OF RM1.00 EACH AND 8,040,000 REDEEMABLE PREFERENCE SHARES SERIES C (“RPS-C”) OF RM0.01 EACH IN TAMBUN INDAH DEVELOPMENT SDN BHD (“TI DEVELOPMENT”), REPRESENTING 30.0% EQUITY INTEREST IN TI DEVELOPMENT

FOR A TOTAL CONSIDERATION OF RM112,234,216 (“PROPOSED ACQUISITIONS”); AND

II. PROPOSED PLACEMENT OF UP TO 15,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TAMBUN (“TAMBUN SHARES” OR “SHARES”), REPRESENTING NOT MORE THAN 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAMBUN (“PROPOSED PLACEMENT”).

THE PROPOSED ACQUISITIONS AND THE PROPOSED PLACEMENT SHALL COLLECTIVELY BE REFERRED TO AS THE “PROPOSALS”.

 

We refer to the announcements in relation to the Proposals dated 21 June 2013, 15 July 2013 and 17 July 2013.

 

 

On behalf of the Board of Directors of Tambun (“Board”), AFFIN Investment Bank Berhad (“AFFIN Investment”) wishes to announce that the Board has, on 19 July 2013 (“Price Fixing Date”), fixed the issue price for up to 15,000,000 new Tambun Shares (“Placement Shares”) to be issued pursuant to the Proposed Placement at RM1.32 per Placement Share (“Issue Price”).

 

 

The Issue Price represents a discount of approximately 3.65% from the 5-day volume weighted average market price of the Tambun Shares up to and including 18 July 2013, being the market day immediately preceding the Price Fixing Date of RM1.37.

 

 

This announcement is dated 19 July 2013.