News

Reference is made to the announcements on 29 January 2014, 26 February 2014, 28 March 2014, 5 May 2014 and 8 May 2014 in relation to the Proposals (“Announcements”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements and the Circular.

On behalf of the Board of Directors of Ekovest (“Board”), AmInvestment Bank Berhad wishes to announce that the Board has resolved to fix the following prices pursuant to the Rights Issue With Warrants:-

(i)         the issue price of the Rights Shares at RM1.00 per Rights Share; and

(ii)        the exercise price of the Warrants at RM1.35 per Warrant.

The issue price of the Rights Shares and the exercise price of the Warrants were determined based on the factors set out in the announcement dated 29 January 2014 and the circular to shareholders dated 11 April 2014.

The issue price of RM1.00 per Rights Share represents a discount of approximately 17.9%, while the exercise price of RM1.35 per Warrants represents a premium of approximately 10.9% from/to the theoretical ex-all price of Ekovest Shares of RM1.2175, based on the five (5)-day volume weighted average price of Ekovest Shares up to and including 15 May 2014 of RM2.609 (the theoretical share price after the Share Split amounts to RM1.3045).

Meanwhile, AmInvestment Bank also wishes to inform that the announcements on the Share Split Entitlement Date and Rights Issue Entitlement Date have been made today in separate announcements.

This announcement is dated 16 May 2014.