ELKDESA
Rights Issue
| ELK-DESA RESOURCES BERHAD |
| EX-date | 04 Aug 2017 |
| Entitlement date | 08 Aug 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 51,589,369 new ordinary shares in ELK-Desa Resources Berhad ("ELK-Desa") ("ELK-Desa Share(s)") ("Rights Share(s)") at an issue price of RM1.16 per Rights Share on the basis of one (1) Rights Share for every five (5) existing ELK-Desa Shares held as at 5.00 p.m. on 8 August 2017 ("Rights Issue") |
| 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 entitlement |
| Registrar or Service Provider name, address, telephone no | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel:03-27839299 Fax:03-27839222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08 Aug 2017 |
| 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 Issue/Offer Price | Malaysian Ringgit (MYR) 1.160 |
| Par Value (if applicable) | |
| Remarks : |
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively, referred to as the "Documents") relating to the Rights Issue will only be despatched to the shareholders of ELK-Desa who have registered addresses in Malaysia and whose names appear in ELK-Desa's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders who have not provided an address in Malaysia by the Entitlement Date ("Foreign Addressed Shareholders"). However, Foreign Addressed Shareholders may collect the Documents from the Share Registrar of ELK-Desa, Tricor Investor & Issuing House Services Sdn Bhd.
The Documents are not intended to be and will not be issued, circulated or distributed, and the Rights Issue will not be made or offered or deemed to be made or offered for purchase or subscription, in any country or jurisdiction other than Malaysia or to persons who are or may be subject to the laws of any country or jurisdiction other than the laws of Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the laws of any countries or jurisdictions other than the laws of Malaysia.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.
This announcement is dated 25 July 2017. |
Announcement Info
| Company Name | ELK-DESA RESOURCES BERHAD |
| Stock Name | ELKDESA |
| Date Announced | 25 Jul 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-24072017-00001 |