Significant26 Jun 2015 12:12
The total gross cash proceeds of the PUCF Share Sales for RHM are RM 6.55 million (approximately GBP 1.11 million*), with the net cash proceeds of the PUCF Share Sales being RM 6.53 million (approximately GBP 1.11 million*). The Company intends to use the net proceeds from the PUCF Share Sales to implement its Investing Policy (as defined in the Company's circular published on 14 April 2015) and for general working capital purposes.
Following the PUCF Share Sales, RHI holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares.