Share/ETBS Issue No.: 546
Name Share/ETBS: UMW OIL & GAS CORPORATION BERHAD
Issuing House: MIH
Closing Date: 14-Oct-2013
Closing Time: 17:00:00 PM
Unit Price: 2.80
UMW Oil and Gas indicative retail price at RM2.80 per share (Update 1) by joseph chin
KUALA LUMPUR: UMW Oil & Gas Corp Bhd has set an indicative retail price at RM2.80 per share under its listing exercise on the Main Market of Bursa Malaysia, valuing the company at RM6.05bil.
In its prospectus issued on Thursday, it said the IPO would involve up to 843.18 million shares of 50 sen each, comprising of an offer for sale of up to 231.38 million existing shares and a public issue of 611.80 million new shares.
Based on the public issue of 611.80 million new shares, this would enable it to raise RM1.71bil.
The offer shares are in conjunction with the listing of the entire 2.162 billion shares, which would see its market capitalisation at RM6.05bil.
Under the listing exercise, the institutional offer is up to 648.60 million IPO shares to Malaysian and foreign institutional and selected investors, including Bumiputera investors at the institutional to be determined by bookbuilding.
The retail offering of 194.58 million IPO shares would be for eligible directors and staff and Malaysian public at the retail price of RM2.80 per share.
The tentative listing date is Nov 1.
On its dividend policy, UMW O&G said while it does not have any fixed policy, “we intend to adopt a policy of active capital management”. Sumber: StarOnline