BIMB Holdings Issues 222,222,000 New Shares

The Board of Directors of BIMB Holdings Berhad (“BHB”) has announced that the bookbuilding exercise in relation to the placement of its shares has been completed by the Joint Placement Agents, BIMB Securities Sdn Bhd (“BIMB Securities”) and Maybank Investment Bank Berhad (“Maybank IB”).

BHB will be issuing 222,222,000 new shares, representing approximately 12.0 percent of the issued share capital of BHB, as at April 12, to the placees. The placement was oversubscribed with demand from both existing shareholders and new investors.

The Board has fixed the issue price at RM3.58 per placement share, which represents a discount of approximately 9.4 percent to the volume weighted average price (VWAP) of BHB Shares for the five market days up to and including April 12 of RM3.9521.

The gross proceeds that will be raised from the placement is approximately RM795.6 million. Maybank IB is also the principal advisor for BHB restructuring exercise.

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