Martin Lee @ Sg
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Chartered Rights Results

Yesterday, Chartered Semiconductor (CSM) announced the results of their Rights Issue. A total number of 9,863,594,873 Rights Shares was applied for, which is a 144% take up rate of the total Rights Shares on offer.

Out of these application, 6,498,268,407 (95% of offering size) was for normal subscriptions and 3,365,326,466 (49% of offering size) was for excess Rights.

371,657,787 Rights Shares which were not applied for and will be used to satisfy the excess applications.

The Rights Shares will be listed and quoted on SGX on or about 16th April 2009. A temporary counter to facilitate trading of shares in board lots of 100 shares will be available for one calender month from the date of listing of the new shares.

A total of 21,456,052 Share Rights which would otherwise have been provisionally allocated to ineligible shareholders of Chartered have been sold on SGX at a price of $0.03 per share. The net proceeds of the sale (after deducting for fees and expenses) will be paid to ineligible shareholders based on the number of Share Rights which they should have received.

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