OCR
Rights Issue
| O&C RESOURCES BERHAD |
| EX-date | 13 Jun 2016 |
| Entitlement date | 15 Jun 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 735,074,052 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.05 EACH IN O&C RESOURCES BERHAD (FORMERLY KNOWN AS TAKASO RESOURCES BERHAD) ("OCR") ("ICPS") ON THE BASIS OF THREE (3) ICPS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.25 EACH IN OCR ("OCR SHARE") HELD AS AT 5.00 P.M. ON 15 JUNE 2016 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.05 PER ICPS, TOGETHER WITH UP TO 73,507,405 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) ICPS SUBSCRIBED FOR ("RIGHTS ISSUE OF ICPS WITH WARRANTS") |
| 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 | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel: 03-7849 0777 Fax: 03-7841 8151/8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15 Jun 2016 |
| 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) | 735,074,052 |
| Entitlement indicator | Ratio |
| Ratio | 3 : 1 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.050 |
| Par Value | Malaysian Ringgit (MYR) 0.050 |
| 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 of ICPS with Warrants will only be despatched to the shareholders of OCR who have registered addresses in Malaysia and whose names appear in OCRs Record of Depositors at 5.00 p.m. on the Entitlement Date (Entitled Shareholders). The Documents will not be despatched to Entitled Shareholders with registered addresses outside Malaysia. However, the Entitled Shareholders who wish to receive the Documents have to provide the share registrar of OCR, Symphony Share Registrars Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue of ICPS with Warrants and the Documents comply with the laws of any country or jurisdiction other than 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 1 June 2016. |
Announcement Info
| Company Name | O&C RESOURCES BERHAD |
| Stock Name | OCR |
| Date Announced | 01 Jun 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-31052016-00002 |