|Reference No MM-070207-64968|
|Submitting Merchant Bank|
|RHB INVESTMENT BANK BERHAD|
|TOP GLOVE CORPORATION BHD|
|Subject||:||TOP GLOVE CORPORATION BERHAD ("TOP GLOVE" OR THE "COMPANY")|
Placement of up to 27,217,902 new ordinary shares of RM0.50 each in Top Glove ("Shares"), representing approximately 10% of the enlarged issued and paid-up share capital of the Company after the completion of the proposed bonus issue as announced on 17 October 2006 (the "Proposed Bonus Issue") (the "Placement")
We refer to Top Glove’s announcements dated 4 January 2007, 17 January 2007, 2 February 2007 and 5 February 2007 in connection with the Placement ("Announcements"). Unless otherwise defined, the defined terms used in the Announcements shall apply herein.
On behalf of the Board of Directors of Top Glove, RHB Investment Bank Berhad (formerly known as RHB Sakura Merchant Bankers Berhad) ("RHB INVESTBANK") is pleased to announce the completion of the book-building process in relation to the Proposed Placement. Top Glove has appointed RHB INVESTBANK, J.P. Morgan Securities Ltd and CLSA Singapore Pte Ltd as Joint Bookrunners for the Placement.
The issue price was fixed at RM8.80 per Share (which represents a discount of approximately 4.97% to the 5-day weighted average market price of Top Glove Shares up to 6 February 2007 of RM9.26 and a discount of approximately 5.38% to the closing price of Top Glove Shares on 6 February 2007 of RM9.30).
This announcement is dated 7 February 2007.
(RM 8.80 - par value 50 sen) X 27,217,902 股 = RM 225,908,586
扣掉par value成本后，RM 225,908,586 多得到的钱是放在 share premium account 的。
如今，经过 esos， share premium account 已有接近 260 mil，
今天 proposed 1 free 1 bonus 是直接从 share premium 分
这样算不算是一种回馈股东能的做法，至少上次 private placement 的钱，今天 3年后，用 bonus 1 free 1 的方法，把钱分回了给大家。
这次的 bonus 并没有影响到公司的 retained profit.