ECM
Others
AVENUE CAPITAL RESOURCES BERHAD |
EX-date | 18/05/2006 |
Entitlement date | 22/05/2006 |
Entitlement time | 05:00:00 PM |
Entitlement subject | Others |
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 no | PFA 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 transfers | 22/05/2006 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 18/05/2006 |
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 indicator | Ratio |
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 Name | AVENUE CAPITAL RESOURCES BERHAD |
Stock Name | AVENUE |
Date Announced | 2 May 2006 |
Category | Entitlements (Notice of Book Closure) |
Reference No | OS-060502-54237 |