HANDAL

Rights Issue

HANDAL RESOURCES BERHAD

EX-date

08/03/2011
Entitlement date10/03/2011
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement description(i) Renounceable rights issue of 60,000,000 new ordinary shares of RM0.50 each in Handal Resources Berhad (“Handal” or the “Company”) (“Rights Share(s)”) at an issue price of RM0.52 per Rights Share together with 60,000,000 new free detachable warrants (“Warrant(s)”) on the basis of two (2) Rights Shares and two (2) free Warrants for every three (3) existing ordinary shares of RM0.50 each in Handal (“Handal Share(s)”) as at 5.00 p.m. on 10 March 2011 payable in full upon acceptance (“Rights Issue”); and

(ii) Bonus issue of 10,000,000 Handal Shares (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every six (6) Rights Shares subscribed by the existing shareholders of Handal and/or their renouncees pursuant to the Rights Issue (“Bonus 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 noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone No. : 03-7849 0777
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers10/03/2011 
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 indicatorRatio
Ratio 2 : 3
Rights Issues/Offer Price 0.52

Remarks :
The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, “Documents”), will only be despatched to the shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 10 March 2011 (“Entitled Shareholders”) at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 10 March 2011.

The Entitled Shareholders and/or their renouncee(s) who subscribe for the Rights Shares with free Warrants shall be entitled to the Bonus Issue on the basis of one (1) Bonus Share for every six (6) Rights Shares subscribed by the Entitled Shareholders and/or their renouncee(s) on 10 March 2011.

The date of listing of the Rights Shares and Bonus Shares to be issued pursuant to the Rights Issue and Bonus Issue on the Main Market of Bursa Malaysia Securities Berhad will be on 8 April 2011.

The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date.

This announcement is dated 24 February 2011.


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced24 Feb 2011  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-110224-54512


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