IPO: ELK-DESA RESOURCES

Initial Public Offering (IPO)
ELK-DESA RESOURCES BERHAD

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) NON-RENOUNCEABLE RESTRICTED OFFER FOR SALE OF 13,493,45

4 ORDINARY SHARES OF RM1.00 EACH IN ELK-DESA RESOURCES BERHAD (“ELK-DESA RESOURCES”) TO THE SHAREHOLDERS OF UNICO-DESA PLANTATIONS BERHAD (“UNICO-DESA”) ON A PRO RATA BASIS AS AT 5.00 P.M. ON 19 NOVEMBER 2012 (“ENTITLEMENT DATE”) PURSUANT TO THE LISTING OF ELK-DESA RESOURCES; AND

(II) PUBLIC ISSUE OF 25,000,000 NEW ELK-DESA RESOURCES’ SHARES (“PUBLIC ISSUE SHARE(S)”), COMPRISING:

(A) 4,510,000 PUBLIC ISSUE SHARES TO ELIGIBLE EMPLOYEES (EXCLUDING DIRECTORS OF UNICO-DESA AND ELK-DESA RESOURCES) OF UNICO-DESA,
ELK-DESA RESOURCES AND THE SUBSIDIARY COMPANIES OF ELK-DESA RESOURCES;

(B) 15,625,000 PUBLIC ISSUE SHARES TO BUMIPUTERA INVESTORS TO BE APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

(C) 4,865,000 PUBLIC ISSUE SHARES TO THE MALAYSIAN PUBLIC

AT AN OFFER/ISSUE PRICE OF RM1.16 PER SHARE PAYABLE IN FULL UPON APPLICATION

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1120929