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RESORTS WORLD BHD ("RESORTS WORLD")
NON-RENOUNCEABLE OFFER FOR SALE BY RESORTS WORLD LIMITED ("RWL") (AN INDIRECT
WHOLLY-OWNED SUBSIDIARY OF RESORTS WORLD) OF ORDINARY SHARES OF USD0.10 EACH IN
GENTING INTERNATIONAL PUBLIC LIMITED COMPANY ("OFFER SHARES") TO THE
SHAREHOLDERS OF RESORTS WORLD ("OFS")
Unless otherwise stated, all definitions shall have the same meaning as those
stated in RWL's Prospectus dated 18 March 2008.
We refer to the announcements dated 28 February 2008 in relation to the OFS. On
behalf of Resorts World, we wish to announce the following:
Results of acceptance/excess application under the OFS
As at 5.00 p.m. on 11 April 2008 (being the last time and date for
acceptance/excess application and payment for the Offer Shares under the OFS),
RWL has received a total valid acceptances and excess applications for
941,025,005 Offer Shares. This represents approximately 1.585 times of the
total Offer Shares made available under the OFS as detailed in Table 1.
Basis of allocation for excess application
The Boards of Directors of RWL and Resorts World ("Boards") have decided to
allocate the Excess Offer Shares to the Entitled Shareholders who applied for
Excess Offer Shares, on a pro-rata basis based on the Entitled Shareholders'
shareholdings in Resorts World as at the Entitlement Date.
The allocation of the Excess Offer Shares will be made in a fair and equitable
manner, where the said allocation basis will apply to all Entitled Shareholders
who validly applied for the Excess Offer Shares, and as the Boards deem
expedient.
Transfer of Offer Shares and Excess Offer Shares
Barring any unforeseen circumstances, RWL expects the Offer Shares validly
accepted and Excess Offer Shares successfully applied for (as the case may be)
by Entitled Shareholders to be transferred into the respective securities
accounts in accordance with the option chosen by the Entitled Shareholders as
stated in the OAF on or about 30 April 2008.
In addition, notice of allocation will be despatched by the Share Registrar to
the Entitled Shareholders (at their own risk) by ordinary post at their
addresses as shown in Resorts World's Register of Members or Record of
Depositors by 5 May 2008.
Refund
In respect of any acceptance and/or excess application which is invalid or
unsuccessful or partially successful, the amount paid on such acceptance/excess
application will be refunded to the Entitled Shareholders without interest by
way of cheque which is expected to be despatched by ordinary post to the
Entitled Shareholders (at their own risk) at their addresses as shown in
Resorts World's Register of Members or Record of Depositors by 5 May 2008.
This announcement is dated 23 April 2008.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
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Apr 24 2008, 11:36 AM
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