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DPS RESOURCES BERHAD (“DPS” OR THE “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 151,800,000 NEW ORDINARY SHARES OF RM0.50 EACH IN DPS (“RIGHTS SHARE(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH HELD IN DPS (“DPS SHARE(S)” OR “SHARE(S)”) TOGETHER WITH UP TO 75,900,000 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE”)

DPS RESOURCES BERHAD

TypeAnnouncement
SubjectDPS RESOURCES BERHAD (“DPS” OR THE “COMPANY”)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 151,800,000 NEW ORDINARY SHARES OF RM0.50 EACH IN DPS (“RIGHTS SHARE(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH HELD IN DPS (“DPS SHARE(S)” OR “SHARE(S)”) TOGETHER WITH UP TO 75,900,000 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE”)
ContentsWe refer to the earlier announcements in respect of the Rights Issue.

On behalf of the Board of Directors of DPS (“Board”), OSK Investment Bank Berhad (formerly known as OSK Securities Berhad) (“OSK”) wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 27 December 2007, the Rights Shares have been under-subscribed by 50.87% or 67,145,587 Rights Shares from the total number of 132,000,000 Rights Shares available for subscription under the Rights Issue.

Details of acceptance and excess applications received as at the close of acceptance and payment for the Rights Issue as at 5.00 p.m. on 27 December 2007 are set out in the table below.

The Board has approved the basis of allocation for the excess Rights Shares with attached Warrants applied for under the Rights Issue in the following priority:-

(i) firstly,to minimise the incidence of odd lots; and

(ii) secondly, for all allocation to applicants who applied for excess Rights Shares with attached Warrants on a pro-rata basis calculated based on the quantum of excess Rights Shares with attached Warrants applied for.

The balance of the unsubscribed Rights Shares with attached Warrants will be allotted to the Underwriters based on the underwriting agreement entered into between DPS and the Underwriters on 21 November 2007.

This announcement is dated 4 January 2008.




Announcement Info

Company NameDPS RESOURCES BERHAD  
Stock Name DPS    
Date Announced4 Jan 2008  
CategoryGeneral Announcement
Reference NoOI-080104-39174


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