SSTEEL
Rights Issue
| SOUTHERN STEEL BERHAD |
|
EX-date | 17/12/2014 |
| Entitlement date | 19/12/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to RM209,708,604 nominal value of 5-year 5% redeemable convertible unsecured loan stocks (“RCULS”) at 100% of its nominal value (“Rights RCULS”) on the basis of RM1.00 nominal value of Rights RCULS for every 2 existing ordinary shares of RM1.00 each in Southern Steel Berhad (“SSB”) (“Rights Issue of RCULS”) |
| 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 | Hong Leong Share Registration Services Sdn Bhd Level 5, Wisma Hong Leong 18, Jalan Perak 50450 Kuala Lumpur Tel. No.: 03-2164 1818 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 19/12/2014 |
| 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 : 2 |
| Rights Issues/Offer Price | 1 |
| Remarks : |
| The Abridged Prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form (collectively, the “Documents”), will only be despatched to the shareholders of SSB who have a registered address in Malaysia as appeared in the Record of Depositors of SSB as at 5.00 p.m. on 19 December 2014 (“Entitlement Date”) (“Entitled Shareholders”). The Documents will not be despatched to the Entitled Shareholders who do not have a registered address in Malaysia. Entitled Shareholders who wish to change their address to Malaysia should inform their respective stockbrokers to effect the change before the Entitlement Date. The Documents will be despatched to the Entitled Shareholders not later than 2 market days from the Entitlement Date. This announcement is dated 5 December 2014. |
Announcement Info
| Company Name | SOUTHERN STEEL BERHAD |
| Stock Name | SSTEEL |
| Date Announced | 5 Dec 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | ML-141205-47739 |