Jun 2 2009, 06:36 PM
QUOTE
Type : Announcement
Subject : SAAG CONSOLIDATED (M) BHD (“SAAG” OR “THE COMPANY”)
Contents : ISSUANCE BY SAAG (L) LIMITED (“SAAGL”), A WHOLLY-OWNED SUBSIDIARY OF SAAG, OF UNITED STATES DOLLAR (“USD”) DENOMINATED FIVE (5)-YEAR EXCHANGEABLE BONDS (“EXCHANGEABLE BONDS”)
Announcement Details :
We refer to the announcements made on 29 May 2009, 29 September 2008, 23 June 2008, 11 April 2008 and 3 December 2007 in respect of the Exchangeable Bonds.
(Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed to them respectively in the earlier announcements on the Exchangeable Bonds)
Further to the Company’s earlier announcements in respect of the Exchangeable Bonds, AmInvestment Bank Berhad (a member of AmInvestment Bank Group), on behalf of SAAG, wishes to announce that the second tranche of the Exchangeable Bonds to be issued by SAAGL shall comprise of USD5 million nominal value Exchangeable Bonds (“2nd Tranche”).
SAAG / SAAGL have today fixed the exchange price for the 2nd Tranche at RM0.3417. Based on such exchange price and the agreed fixed exchange rate for the 2nd Tranche of USD1.00 : RM3.62, the number of ordinary shares of RM0.10 each in SAAG (“SAAG Shares”) into which the Exchangeable Bonds to be issued under the 2nd Tranche may be converted is approximately 52,971,000 SAAG Shares.
The exchange price for the 2nd Tranche of RM0.3417 represents a premium of 0.5% over the last transacted market price of SAAG Shares on 1 June 2009 of RM0.34, being the market day immediately preceding the date of this price-fixing announcement.
Apart from the abovesaid exchange price and exchange rate, all other principal terms and conditions of the Exchangeable Bonds to be issued in respect of the 2nd Tranche will be determined and announced at a later date.
This announcement is dated 2 June 2009.
Anyone can summarise this? Any benefit to our normal shareholder?Subject : SAAG CONSOLIDATED (M) BHD (“SAAG” OR “THE COMPANY”)
Contents : ISSUANCE BY SAAG (L) LIMITED (“SAAGL”), A WHOLLY-OWNED SUBSIDIARY OF SAAG, OF UNITED STATES DOLLAR (“USD”) DENOMINATED FIVE (5)-YEAR EXCHANGEABLE BONDS (“EXCHANGEABLE BONDS”)
Announcement Details :
We refer to the announcements made on 29 May 2009, 29 September 2008, 23 June 2008, 11 April 2008 and 3 December 2007 in respect of the Exchangeable Bonds.
(Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed to them respectively in the earlier announcements on the Exchangeable Bonds)
Further to the Company’s earlier announcements in respect of the Exchangeable Bonds, AmInvestment Bank Berhad (a member of AmInvestment Bank Group), on behalf of SAAG, wishes to announce that the second tranche of the Exchangeable Bonds to be issued by SAAGL shall comprise of USD5 million nominal value Exchangeable Bonds (“2nd Tranche”).
SAAG / SAAGL have today fixed the exchange price for the 2nd Tranche at RM0.3417. Based on such exchange price and the agreed fixed exchange rate for the 2nd Tranche of USD1.00 : RM3.62, the number of ordinary shares of RM0.10 each in SAAG (“SAAG Shares”) into which the Exchangeable Bonds to be issued under the 2nd Tranche may be converted is approximately 52,971,000 SAAG Shares.
The exchange price for the 2nd Tranche of RM0.3417 represents a premium of 0.5% over the last transacted market price of SAAG Shares on 1 June 2009 of RM0.34, being the market day immediately preceding the date of this price-fixing announcement.
Apart from the abovesaid exchange price and exchange rate, all other principal terms and conditions of the Exchangeable Bonds to be issued in respect of the 2nd Tranche will be determined and announced at a later date.
This announcement is dated 2 June 2009.
This post has been edited by Irzani: Jun 2 2009, 06:36 PM
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