INSAS

0.945

+0.03 (+3.3%)

INSAS - Notice of Rights Entitlement (Ratio)

INSAS BERHAD

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").
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted "Ex- Right Issue” as from: 0 Feb 2021
2)    The last date of lodgment : 3 Feb 2021
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct <1/6>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <1/6>, of the Transacted Price is applicable.

 

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.


Announcement Info

Company Name INSAS BERHAD
Stock Name INSAS
Date Announced 19 Jan 2021
Category Listing Circular
Reference Number ILC-19012021-00001