If fully taken up, the placement shares will enlarge UMS' share base by 5.97% to just over 710.5 million shares.
According to UMS, it will allocate 60% of the proceeds towards capex, 20% towards general working capital and the remaining 20% towards business development.
Assuming all 40 million shares are placed out, UMS will see its pro forma NTA as at Dec 31 2022 increase from 37.61 cents per share to 42.59 cents, and its EPS diluted from 14.71 cents to 13.88 cents.
