SALCON
Rights Issue
| SALCON BERHAD |
|
EX-date | 19/04/2007 |
| Entitlement date | 23/04/2007 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 233,249,942 NEW ORDINARY SHARES OF RM0.50 EACH IN SALCON BERHAD ("RIGHTS SHARES") WITH UP TO 116,624,971 FREE DETACHABLE WARRANTS ("WARRANTS"), ON THE BASIS OF TWO (2) RIGHTS SHARES WITH ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN SALCON BERHAD ("SALCON SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 APRIL 2007 AT AN ISSUE PRICE OF RM0.57 PER RIGHTS SHARE ("RIGHTS ISSUE 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 entitlements |
| Registrar's name ,address, telephone no | PFA Registration Services Sdn. Bhd. Level 13, Uptown 1, No.1, Jalan SS 21/58 Damansara Uptown 47400 Petaling Jaya Selangor Darul Ehsan Tel No. 603-7725 4888 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23/04/2007 |
| 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) | 233249942 |
| Entitlement indicator | Ratio |
| Ratio | 2 : 2 |
| Rights Issues/Offer Price | 0.57 |
| Remarks : |
| The Renounceable Rights Issue with Warrants involves the issuance of up to 233,249,942 Rights Shares together with up to 116,624,971 free detachable warrants at an issue price of RM0.57 per Rights Share on a basis of two (2) Rights Shares with one (1) free detachable warrant for every two (2) existing Salcon Shares held at 5.00 p.m. on 23 April 2007. The renounceable entitlements to both the Rights Shares with Warrants must be subscribed by the entitled shareholders whose names appear in the Record Depositors of Salcon Berhad at 5.00 p.m. on 23 April 2007 ("Entitled Shareholders") in full or in part (subject to the subscription of the Rights Shares with Warrants in an equal proportion), as a package and not to be subscribed separately or disproportionately. Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares provisionally allotted to them under the Rights Issue with Warrants will simultaneously relinquish their corresponding entitlements to the Rights Shares including their corresponding entitlements to the Warrants. The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders. This announcement is dated 6 April 2007. |
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 6 Apr 2007 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-070406-57280 |