HEVEA
Rights Issue
| HEVEABOARD BERHAD |
|
EX-date | 28/01/2010 |
| Entitlement date | 02/02/2010 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 42,666,667 new warrants in HeveaBoard Berhad (“HeveaBoard” or the “Company”) (“New Hevea Warrants”) to all the shareholders of HeveaBoard on the basis of one (1) New Hevea Warrant for every three (3) existing ordinary shares of RM1.00 each held in HeveaBoard (“Hevea Shares” or “Shares”) as at 5.00 p.m. on 2 February 2010 (“Entitlement Date”) (“Rights Issue”); and Restricted issue of up to 12,533,333 New Hevea Warrants to the holders of the unexercised 2004/2009 Warrants on 31 December 2009, being the expiry date of the 2004/2009 Warrants (“Expiry Date”) on the basis of one (1) New Hevea Warrant for every three (3) unexercised 2004/2009 Warrants held on the Expiry Date (“Restricted Issue”) (collectively known as the “Corporate Exercises”) |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlements |
| Registrar's name ,address, telephone no | Bina Management (M) Sdn. Bhd. Lot 10 The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Darul Ehsan Telephone no.: (03) – 7784 3922 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 02/02/2010 |
| 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 : 3 |
| Rights Issues/Offer Price | 0.01 |
| Remarks : |
| The expressions applied in this announcement shall have the same meaning ascribed to them as set out in the announcements dated 2 October 2009 and 1 December 2009 in relation to the Corporate Exercises. (1) Number of New Hevea Warrants to be issued The final number of the total New Hevea Warrants to be issued pursuant to the Rights Issue and Restricted Issue would depend on the issued and paid-up share capital of HeveaBoard on 2 February 2010 and the number of unexercised 2004/2009 Warrants on the Expiry Date respectively. (2) Ratio of New Hevea Warrants The above ratio relates to the entitlement to the New Hevea Warrants as set out as follows:- (a) one (1) New Hevea Warrant for every three (3) Hevea Shares held as at 5.00 p.m. on 2 February 2010 under the Rights Issue; and (b) one (1) New Hevea Warrant for every three (3) unexercised 2004/2009 Warrants held on the Expiry Date under the Restricted Issue. The Abridged Prospectus, together with the Notice of Provisional Allotment, Rights Subscription Form and/or Provisional Allotment Letter will be despatched to the Entitled Shareholders and/or Entitled Warrant Holders not later than two (2) market days from the Entitlement Date. This announcement is dated 18 January 2010. |
Announcement Info
| Company Name | HEVEABOARD BERHAD |
| Stock Name | HEVEA |
| Date Announced | 18 Jan 2010 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OI-100118-50461 |