TRC
Bonus Issue
| TRC SYNERGY BERHAD |
|
EX-date | 06/08/2008 |
| Entitlement date | 08/08/2008 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Bonus Issue |
| Entitlement description | Bonus Issue of up to 41,646,160 new ordinary shares of RM1.00 each in TRC Synergy Berhad (“TRC”) (“Bonus Shares”) to be issued and credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing ordinary shares of RM1.00 each held in TRC (“TRC Shares”) (“Bonus Issue”) |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | 08/08/2008 to 08/08/2008 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, Faber Imperial Court Jalan Sultan Ismail 50774 Kuala Lumpur Tel: 03-2692 4271 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08/08/2008 |
| 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 | 1 : 5 |
| Rights Issues/Offer Price | |
| Remarks : |
| Specific Remarks For Holders of Ordinary Shares in TRC Shareholders whose names appear in the Record of Depositors for TRC Shares of the Company at 5.00 p.m. on 8 August 2008 (“Entitlement Date”) will be entitled to the Bonus Shares. For Holders of Warrant 2007/2017 in TRC (“Warrants”) In order to facilitate the smooth implementation of the Bonus Issue and to be entitled to the Bonus Shares, Warrant holders are required to lodge their duly completed exercise forms for the Warrants together with the relevant subscription monies (“Exercise Documents”) with the Company’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 1 August 2008. The rationale is to allow sufficient time to process and allot such new TRC Shares to the Warrant holders and to ensure that their names appear in the Record of Depositors for TRC Shares of the Company at the Entitlement Date. This would in turn enable the Company to determine the exact number of Bonus Shares to be issued on the Entitlement Date. Any Warrant holders who have not exercised their rights to subscribe for the TRC Shares by lodging the Exercise Documents prior to 5.00 p.m. on 1 August 2008 would not be entitled to the Bonus Shares. Instead, such Warrant holders whose names appear in the Record of Depositors for Warrants of the Company at 5.00 p.m. on the Entitlement Date shall be entitled to adjustment to the number of Warrants in accordance with the provisions under the Deed Poll executed by the Company on 15 November 2006 constituting the Warrants (“Deed Poll”). Pursuant to the provisions under the Deed Poll, the entitled Warrant holder shall be entitled to one (1) additional new Warrant (at no cost) for every five (5) existing Warrants held on the Entitlement Date. However, the existing exercise price of RM1.00 per TRC Share shall remain unchanged and will not be adjusted consequential to the Bonus Issue as any adjustment pursuant thereto would have resulted in the exercise price being below the current par value of TRC Share of RM1.00 per TRC Share. For Holders of Irredeemable Convertible Unsecured Loan Stocks in TRC (“ICULS”) There would be no additional ICULS to be issued consequent to the Bonus Issue. In order to facilitate the smooth implementation of the Bonus Issue and to be entitled to the Bonus Shares, ICULS holders are required to lodge their duly completed conversion forms for the ICULS with the Company’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 1 August 2008. The rationale is to allow sufficient time to process and allot such new TRC Shares to the ICULS holders and to ensure that their names appear in the Record of Depositors for TRC Shares of the Company at the Entitlement Date. This would in turn enable the Company to determine the exact number of Bonus Shares to be issued on the Entitlement Date. Any ICULS holders who have not converted their ICULS by lodging their duly completed conversion forms prior to 5.00 p.m. on 1 August 2008 would not be entitled to the Bonus Shares. Instead, such ICULS holders shall be entitled to the adjustments to be made to the number of new TRC Shares to be issued upon the conversion of ICULS subsequent to the Entitlement Date in accordance with the provisions under the Trust Deed executed by the Company on 15 November 2006 constituting the ICULS of TRC (“Trust Deed”). Pursuant to the provisions under the Trust Deed, such ICULS holders shall be entitled to an additional 0.2 new TRC Share to be allotted and credited by way of capitalising from the share premium reserve of the Company upon conversion of every RM1.00 nominal value of ICULS held into one (1) new TRC Share at the conversion price of RM1.00. The existing conversion price of RM1.00 per TRC Share shall remain unchanged and will not be adjusted consequential to the Bonus Issue as any adjustment pursuant thereto would have resulted in the conversion price being below the current par value of TRC Share of RM1.00 per TRC Share. General Remarks A notification to the Warrants and ICULS holders setting out the respective adjustments will be issued by the Company in due course. The date of listing and quotation of the Bonus Shares and additional new Warrants is scheduled on 11 August 2008. Mega Corporate Services Sdn Bhd, the Share Registrar of TRC, will issue and despatch the notices of allotment of the Bonus Shares to the entitled shareholders by 14 August 2008. |
Announcement Info
| Company Name | TRC SYNERGY BERHAD |
| Stock Name | TRC |
| Date Announced | 23 Jul 2008 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-080717-40104 |