INSAS

0.935

+0.02 (+2.2%)

Rights Issue

INSAS BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 02 Feb 2021
Entitlement date 03 Feb 2021
Entitlement time 5:00 PM
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 03 Feb 2021
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)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 1.0000
Par Value (if applicable) Malaysian Ringgit (MYR) 0.0000
Entitlement indicator Ratio
Entitlement Details
Company Name
INSAS BERHAD
Entitlement Preference Rights
Ratio (New:Existing) 2.0000  : 10.0000
Rights Crediting Date 03 Feb 2021
Fractional Entitlement
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0362011120
Fax:0362013121


Remarks :
The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form for the Rights Issue with Warrants (collectively, the "Documents") will be despatched to the shareholders of Insas whose names appear in the Record of Depositors as at 5.00 p.m. on 3 February 2021 (''Entitled Shareholders'') and who have a registered address in Malaysia or who have provided the Company's Special Share Registrar, ShareWorks Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 3 February 2021. 

The Documents are not intended to and will not be made to comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any country or jurisdiction other than the laws of Malaysia.

Entitled Shareholders who do not have a registered address in Malaysia for the service of documents and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on 3 February 2021.

This announcement is dated 18 January 2021.


Announcement Info

Company Name INSAS BERHAD
Stock Name INSAS
Date Announced 18 Jan 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-18012021-00004
Corporate Action ID MY210118RHDI0001