We refer to our announcements dated 9 September 2013, 10 September 2013, 11 September 2013, 13 September 2013, 23 September 2013, 26 September 2013 and 27 September 2013 in relation to the Private Placement, we, Public Investment Bank Berhad, on behalf of the Board of Directors of BHB (“Board”), is pleased to announce that the Board had on 28 February 2014 (“Price-Fixing Date”) fixed the issue price for the remaining 10,740,250 Placement Shares, representing five percent (5%) of the issued and paid-up share capital of BHB, being the second (2nd) and final tranche of the Private Placement at RM2.339 per Placement Share (“Issue Price”).
The Issue Price represents a discount of approximately 0.03% to the five (5)-day volume weighted average market price of the BHB Shares up to and including 27 February 2014, being the market day immediately preceding the Price-Fixing Date of RM2.3397.
Public Investment Bank Berhad and Hong Leong Investment Bank Berhad are acting as the Joint Placement Agents for the second (2nd) and final tranche of the Private Placement.
This announcement is dated 28 February 2014.