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AVENUE CAPITAL RESOURCES BERHAD

EX-date

18/05/2006
Entitlement date22/05/2006
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement description- EXCHANGE OF ALL THE AVENUE CAPITAL RESOURCES BERHAD ("ACRB”) SHARES OF RM1.00 EACH ("ACRB SHARES”), IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2002/2007 OF RM1.00 NOMINAL VALUE IN ACRB (“ICULS”) AND WARRANTS 2002/2007 OF ACRB (“WARRANTS”) WITH NEW ORDINARY SHARES OF RM1.00 EACH IN AVENUE INTERNATIONAL CAPITAL BERHAD (“AICB”) (“AICB SHARES”) PURSUANT TO A SCHEME OF ARRANGEMENT OF ACRB UNDER SECTION 176 OF THE COMPANIES ACT,1965 (“ACT”) (“EXCHANGE”);

- DISTRIBUTION OF ASSETS IN SPECIE COMPRISING ALL THE ORDINARY SHARES OF RM1.00 EACH IN POS MALAYSIA & SERVICES HOLDINGS BERHAD ("PSH") HELD BY AICB TO ITS SHAREHOLDERS AFTER THE EXCHANGE, PURSUANT TO A REDUCTION OF CAPITAL OF AICB UNDER SECTION 64 OF THE ACT (“AICB DISTRIBUTION”);

- CANCELLATION OF GOODWILL ARISING FROM THE EXCHANGE PURSUANT TO A REDUCTION OF CAPITAL OF AICB UNDER SECTION 64 OF THE ACT (“AICB CANCELLATION”); AND

- CONSOLIDATION OF THE AICB SHARES AFTER THE AICB DISTRIBUTION AND AICB CANCELLATION BACK TO ITS PAR VALUE OF RM1.00 EACH (“AICB CONSOLIDATION”)

(COLLECTIVELY REFER TO AS "REORGANISATION")
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 22/05/2006 to 22/05/2006 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noPFA Registration Services Sdn Bhd
Level 13 Uptown 1
No. 1 Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Tel: (603) 7725 4888
Fax: (603) 7722 2311
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers22/05/2006 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit18/05/2006 
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 indicatorRatio
Ratio 1 : 1
Rights Issues/Offer Price

Remarks :
The above entitlement ratio is for the purpose of the Exchange only.

The entitlement date for the AICB Distribution is 22 May 2006. Pursuant to the AICB Distribution, entitled stockholders of ACRB who will become shareholders of AICB after the Exchange at the books closure date (22 May 2006) will be entitled to the distribution of 78,545,166 PSH shares.

Trading of the ACRB Shares, ICULS and Warrants on the Main Board of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended from 16 May 2006 (being three (3) clear Market Days immediately before the Books Closure Date) to facilitate the Reorganisation. As such, the last day of trading for ACRB Shares, ICULS and Warrants on the Main Board of Bursa Securities is 15 May 2006. The suspension will continue until the listing of and quotation for the new AICB Shares to be issued pursuant to the Exchange on the Main Board of Bursa Securities, which is expected to take place in June 2006.

Stockholders are requested to refer to the announcement dated 2 May 2006 in relation to the notice of suspension and books closure for the Reorganisation for further information.


Announcement Info

Company NameAVENUE CAPITAL RESOURCES BERHAD  
Stock Name AVENUE    
Date Announced2 May 2006  
CategoryEntitlements (Notice of Book Closure)
Reference NoOS-060502-54237


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