IDEALUBB-WB - Notice of Book Closure

ENTITLEMENT DATE FOR THE EXCHANGE OF ALL LISTED SECURITIES OF IDEAL UNITED BINTANG BERHAD (IDEALUBB OR COMPANY) WHICH ARE IN EXISTENCE ON THE ENTITLEMENT DATE (IDEALUBB SECURITY(IES)) WITH NEW SECURITIES IN A NEW INVESTMENT HOLDING COMPANY, IDEAL UNITED BINTANG INTERNATIONAL BERHAD (IDEAL) (IDEAL SECURITY(IES)), VIA A SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ON A ONEFORONE BASIS (SECURITIES EXCHANGE).

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Offer” as from: 28 Aug 2017
2)  The last date of lodgment : 30 Aug 2017

Remarks: The shareholders of IDEALUBB and holders of IDEALUBB warrants whose names appear on the respective Record of Depositors of IDEALUBB at 5.00 p.m. on Wednesday, 30 August 2017 ("Entitlement Date"), shall be entitled to participate in the Securities Exchange. In order to facilitate the Securities Exchange, the trading of IDEALUBB Securities on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended from 9.00 a.m. on Thursday, 24 August 2017, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day and time of trading of IDEALUBB Securities on the Main Market of Bursa Securities shall be at 5.00 p.m. on Wednesday, 23 August 2017. The suspension of trading of IDEALUBB Securities will continue until the admission of IDEAL to the Official List of Bursa Securities and the listing of and quotation for the IDEAL Securities to be issued under the Securities Exchange on the Main Market of Bursa Securities. Last date and time for exercise of the IDEALUBB warrants to be entitled to the new ordinary shares of IDEAL ("IDEAL Shares") will be at 5.00 p.m., Friday, 18 August 2017. If a holder of IDEALUBB warrants exercises any of its IDEALUBB warrants not less than 8 market days before the Entitlement Date (i.e., latest by 5.00 p.m. on Friday, 18 August 2017) in accordance with the terms of the deed poll dated 8 March 2016 constituting the IDEALUBB warrants ("Deed Poll"), new ordinary shares of IDEALUBB ("IDEALUBB Shares") will be issued and allotted to the exercising holder of IDEALUBB warrants in accordance with the terms of the Deed Poll and on the Entitlement Date, each holder of the new IDEALUBB Shares so issued and allotted shall be an entitled shareholder for the purpose of the Securities Exchange. The existing IDEALUBB warrants which are not exercised by 5.00 p.m. on Friday, 18 August 2017 will be exchanged with the new warrants in IDEAL ("IDEAL Warrants"). Holders of IDEAL Warrants may exercise their IDEAL Warrants commencing from the date of listing of the IDEAL Warrants up to 30 March 2021, being the expiry date of the IDEAL Warrants. A notice to the shareholders of IDEALUBB and holders of IDEALUBB warrants in relation to the Entitlement Date for the Securities Exchange will be despatched on 16 August 2017.