SLIDE 5 5
Description of use Amount (RM’000) Expected timeframe from receipt of proceeds Capital expenditure (1) 70,000 12 months Settlement of maturing debt (2) 150,000 8 months Working capital of UMW Group(3) 4,068 1 month Special cash dividend (4) 46,732 3 months Defray estimated expenses relating to the Proposals (5) 16,900 3 months Total 287,700
(1) includes the upgrading of plant, equipment and tools in the M&E segment and purchases for the Equipment segment’s leasing business. (2) earmarked towards the settlement of Senior Sukuk that will mature in June 2020. (3) to fund day-to-day operations which include, but not limited to, payment to suppliers and payment of staff related expenses. (4) based on the number of ordinary shares of UMWH (“UMWH Shares”) in issue of 1,168,293,932 as at 31 August 2019 and special cash dividend of RM0.04 per UMWH Share, the estimated amount to be distributed to the entitled shareholders of UMWH is approximately RM46.7 million. The entitlement date and actual amount to be distributed will be determined and announced later. (5)
USE OF PROCEEDS
Estimated RPGT payable 12,281 Other expenses related / incidental to the Proposals 66 Professional Fees 4,163 Fees payable to the relevant authority 53 Expenses relating to the printing / despatch of circular, advertising and this EGM 337 *Any shortfall or excess in funds allocated for estimated expenses will be funded from or used for working capital purposes
