Others
| SUMATEC RESOURCES BERHAD |
|
EX-date | 17/10/2013 |
| Entitlement date | 21/10/2013 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | ADJUSTMENTS MADE TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2011/2021 ISSUED BY SUMATEC RESOURCES BERHAD ("SUMATEC") ("EXISTING WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 8 OCTOBER 2010 GOVERNING THE EXISTING WARRANTS ("DEED POLL") PURSUANT TO:- (I) ISSUANCE OF 335,000,000 NEW ORDINARY SHARES OF RM0.14 EACH IN SUMATEC ("SUMATEC SHARES") TO INVESTORS AT AN ISSUE PRICE OF RM0.175 PER SHARE; AND (II) RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,722,220,957 NEW ORDINARY SHARES OF RM0.14 EACH IN SUMATEC ("RIGHTS SHARES") TOGETHER WITH 680,555,239 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF FORTY-ONE (41) RIGHTS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.14 EACH IN SUMATEC TOGETHER WITH ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED ("ADJUSTMENTS") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlements |
| Registrar's name ,address, telephone no | Mega Corporate Services Sdn Bhd Level 15-2, Bangunan Faber Imperial Court Jalan Sultan Ismail 50250 Kuala Lumpur Tel: 03-26924271 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 21/10/2013 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new shares/securities issued (units) (If applicable) | |
| Entitlement indicator | Ratio |
| Ratio | 108 : 1000 |
| Rights Issues/Offer Price | 0 |
| Remarks : |
| The Notice of Book Closure in relation to the Rights Issue with Warrants has been announced separately today. The Existing Warrant holders will NOT qualify for the entitlement to the Rights Shares UNLESS they exercise their Existing Warrants and deliver their duly completed and executed Warrant Exercise Form together with the remittance in accordance with the terms and conditions of the Deed Poll to the Share Registrar of Sumatec by 5.00 p.m. by 8 October 2013 in order for the new Sumatec Shares issued to be transferred into the respective depositors' securities account prior to 21 October 2013, the Entitlement Date. The Existing Warrant holders who do not exercise their subscription rights by 5.00 p.m. by 8 October 2013 and subsequently whose names appear in the Register of Warrant Holders by 5.00 p.m. on the Entitlement Date shall accordingly be entitled to the Adjustments. Based on the Adjustments, the exercise price of the Warrants will be adjusted and up to an additional 11,622,937 additional Existing Warrants will be issued to Existing Warrant holders in proportion to the their Existing Warrant holdings. For illustrative purposes, Existing Warrant holders holding 1,000 Existing Warrants will have the exercise price of the Existing Warrants adjusted from RM0.35 per Existing Share to RM0.32 per Share and the number of the Existing Warrants adjusted to 1,108 Existing Warrants. An Information Circular setting out the Adjustments will be despatched to the Existing Warrant holders in due course. The additional Existing Warrants will be listed and quoted simultaneously with the Rights Shares on 21 November 2013. This announcement is dated 3 October 2013. |
Announcement Info
| Company Name | SUMATEC RESOURCES BERHAD |
| Stock Name | SUMATEC-WA |
| Date Announced | 3 Oct 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-130823-AD090 |