ICON - Notice of Rights Entitlement

Renounceable rights issue of up to 2,354,370,200 new ordinary shares in Icon Offshore Berhad ("Icon") ("Rights Shares") on the basis of 100 Rights Shares for every 1 ordinary share in Icon held after the share consolidation, together with up to 588,592,550 free detachable warrants ("Rights Warrants") on the basis of 1 Rights Warrant for every 4 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 23 January 2020 at an issue price of RM0.105 per Rights Share ("Rights Issue with Warrants")
 

Kindly be advised of the following :

1)    The Right commence of trading :  24 January 2020
2)    The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 28 January 2020
3)    The last day and time for Acceptance, Renunciation and Payment : 10 February 2020
4)    The Rights cessation quotation :  03 February 2020

The Stock Short Name, Number and ISIN Code ICON-OR, 5255OR and MYL5255OR007

Remarks:-  The entitlement for the Rights Shares and the Rights Warrants shall be effected after the share consolidation by Icon, the entitlement date of which is 5.00 p.m. on Thursday, 23 January 2020.

The Abridged Prospectus together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of Icon whose names appear on the Record of Depositors as at 5.00 p.m. on Thursday, 23 January 2020 ("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 Thursday, 23 January 2020. The Abridged Prospectus together with the NPA and RSF will not be sent to the foreign Entitled Shareholders and/or their renouncee(s)/transferee(s) (if applicable) who do not have a registered address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on Thursday, 23 January 2020.