Bursa Filings
Private Placement Of New Ordinary Shares Of Par Value RM0.10 Each In AirAsia ("AirAsia Shares") (Private Placement")
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Sep 15, 2009
| Type | Announcement |
| Subject | AIRASIA BERHAD (“AIRASIA” OR “COMPANY”) PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF PAR VALUE RM0.10 EACH IN AIRASIA (“AIRASIA SHARES”) (“PRIVATE PLACEMENT”) |
| Contents | We refer to the announcements in relation to the Private Placement. On behalf of the Board of Directors of AirAsia, we wish to announce that AirAsia has completed the bookbuilding exercise for the offering of 380 million new AirAsia Shares pursuant to the Private Placement (“Placement Shares”) representing 16.0% of the issued and paid-up share capital of AirAsia as at 10 September 2009. Based on the Record of Depositors of AirAsia as at 10 September 2009, the foreign shareholding level of AirAsia amounted to 46.10%. The Private Placement was oversubscribed with strong demand from foreign institutional investors. The final allocation and size of the Private Placement was aimed to achieve a post-placement foreign ownership level of 45.0% in line with AirAsia’s Articles of Association. In addition, we wish to announce that the issue price has been fixed at RM1.33 per Placement Share. This represents a discount of 6.71% to the five (5)-day volume weighted average market price of AirAsia Shares up to and including 14 September 2009 of RM1.4257 per AirAsia Share. Based on the issue price of RM1.33 per Placement Share and the offering of 380 million Placement Shares, the Private Placement is expected to raise gross proceeds of RM505.4 million. CIMB Investment Bank Berhad and Credit Suisse (Singapore) Limited acted as joint placement agents for the Private Placement. This announcement is not an offer of securities for sale in the United States or elsewhere. The securities of AirAsia are not being registered under the United States Securities Act of 1933, as amended (“Securities Act”) and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act. There will be no public offering of the securities in the United States. This announcement is dated 15 September 2009. |
Announcement Info
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 15 Sept 2009 |
| Category | General Announcement |
| Reference No | MM-090915-65850 |