PMETAL

Bonus Issue

PRESS METAL BERHAD

EX-date 04 Nov 2016
Entitlement date 08 Nov 2016
Entitlement time 05:00 PM
Entitlement subject Bonus Issue
Entitlement description Bonus issue of up to 1,153,954,706 new Subdivided Shares (as defined herein) ("Bonus Shares") on the basis of two (2) Bonus Shares for every five (5) Subdivided Shares held after the Share Split (as defined herein) at 5.00 p.m. on 8 November 2016 ("Entitlement Date") ("Bonus 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: 03-2783 9299 Fax: 03-2783 9222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 08 Nov 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)
Entitlement indicator Ratio
Ratio 2 : 5
Rights Issue/Offer Price
Par Value Malaysian Ringgit (MYR) 0.250


Remarks :
The Bonus Issue will be implemented concurrently with the share split involving the subdivision of every one (1) ordinary share of RM0.50 each in Press Metal Berhad ("PMB") held by the shareholders of PMB as at the Entitlement Date into two (2) ordinary shares of RM0.25 each in PMB ("Subdivided Shares") ("Share Split"). The Bonus Shares to be received by all the entitled shareholders of PMB pursuant to the Bonus Issue will be in the form of Subdivided Shares. 

The actual number of Bonus Shares to be issued will depend on the number of PMB Shares issued and paid-up as at the Entitlement Date.
 
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") simultaneously with the Subdivided Shares on 9 November 2016, being the next market day following the Entitlement Date.

The Share Registrar of PMB will issue and despatch the notices of allotment for the Subdivided Shares and Bonus Shares to the entitled shareholders at the address as per the Record of Depositors within four (4) market days after the date of listing and quotation for the Subdivided Shares and Bonus Shares on the Main Market of Bursa Securities.

Entitled shareholders are not required to take any action to be entitled to the Subdivided Shares and Bonus Shares.

Holders of 2011/2019 Warrants C in PMB ("PMB Warrants") who wish to be entitled to the Share Split and Bonus Issue should exercise their PMB Warrants by lodging their duly completed exercise forms together with the subscription monies with the Share Registrar of PMB on or before 5.00 p.m. on 27 October 2016 for their names to appear in the Record of Depositors as at 5.00 p.m. on the Entitlement Date.

This announcement is dated 25 October 2016.


Announcement Info

Company Name PRESS METAL BERHAD
Stock Name PMETAL
Date Announced 25 Oct 2016
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24102016-00007


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