At the close of the Keppel Land Rights Issue, application for a total of 954,028,587 Rights Shares were received. This is approximately 146.96% of the total number of Rights Shares on offer.
Valid acceptances came up to 636,950,142 Rights Shares, which was about 98.12% of total Rights Shares available.
Excess application came up to 317,078,445 Rights Shares, which was 48.84% of total Rights Shares available.
The 12,235,230 Rights Shares which were not taken up will be used to satisfy the excess Rights application.
The new shares will start trading from 12th June 2009.
A temporary counter to facilitate the trading of shares in board lots of 100 shares will be available for 1 month. The name of the counter will be Keppel Land 100.