Circular/Notice to Shareholders
| UMW OIL & GAS CORPORATION BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO PART A (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,053,600,000 NEW ORDINARY SHARES IN UMW OIL & GAS CORPORATION BERHAD ("UMW-OG") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ON THE BASIS OF FOURTEEN (14) RIGHTS SHARES FOR EVERY FIVE (5) ORDINARY SHARES IN UMW-OG ("UMW-OG SHARES") HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 1,513,400,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED; (II) PROPOSED ISSUANCE OF UP TO 4,847,539,594 NEW ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN UMW-OG ("RCPS-i") TO BE SUBSCRIBED AT A SUBSCRIPTION PRICE OF RM0.30 PER RCPS-i BY PERMODALAN NASIONAL BERHAD ("PNB"), AND IF APPLICABLE, AMANAH SAHAM BUMIPUTERA ("ASB") AND/OR OTHER FUNDS UNDER PNB'S MANAGEMENT TOGETHER WITH UP TO 1,211,884,898 WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) RCPS-i SUBSCRIBED; (III) PROPOSED EXEMPTION FOR PNB, ASB AND PERSONS ACTING IN CONCERT WITH THEM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING UMW-OG SHARES AND WARRANTS NOT ALREADY OWNED BY THEM PURSUANT TO PARAGRAPHS 4.08(1)(B) AND 4.08(1)(C) OF RULE 4, PART B OF THE RULES; AND (IV) PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF UMW-OG'S CONSTITUTION PART B INDEPENDENT ADVICE LETTER FROM MERCURY SECURITIES SDN BHD TO THE NON-INTERESTED SHAREHOLDERS OF UMW-OG IN RELATION TO THE PROPOSED EXEMPTION AND NOTICE OF EXTRAORDINARY GENERAL MEETING |
Please refer attachment below.
Announcement Info
| Company Name | UMW OIL & GAS CORPORATION BERHAD |
| Stock Name | UMWOG |
| Date Announced | 03 Aug 2017 |
| Category | Document Submission |
| Reference Number | DCS-03082017-00005 |