We refer to the above subject matter.
In accordance with Section 9(1) of the Capital Markets and Services (Price Stabilization Mechanism) Regulations 2008, AFFIN Investment Bank Berhad (“AFFIN Investment”), being the stabilising manager (“Stabilising Manager”) in respect of the Initial Public Offering, hereby announces that:
(a) the BPB Shares may be subject to stabilising action;
(b) up to an aggregate of 64,000,000 BPB Shares are the subject of an over-allotment option, solely for purposes of covering over-allotments of the BPB Shares in the Initial Public Offering;
(c) the Stabilising Manager may buy up to 64,000,000 BPB Shares to undertake the stabilising action; and
(d) the maximum period during which the Stabilising Manager may stabilise the price of the BPB Shares shall be earlier of (i) 30 days from the commencement of trading of the BPB Shares on the Main Market of Bursa Securities; or (ii) the date when the Stabilising Manager has bought on the Main Market of Bursa Securities, an aggregate of 64,000,000 BPB Shares representing up to approximately 9.76% of the total number of BPB Shares offered under the Initial Public Offering.
This announcement is dated 23 June 2014.