SYSTECH
Others
VIZTEL SOLUTIONS BERHAD |
EX-date | 30/05/2011 |
Entitlement date | 01/06/2011 |
Entitlement time | 05:00:00 PM |
Entitlement subject | Others |
Entitlement description | SHARE EXCHANGE OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF VIZTEL SOLUTIONS BERHAD ("VIZTEL") OF RM6,050,000 COMPRISING 60,500,000 ORDINARY SHARES OF RM0.10 EACH IN VIZTEL (“VIZTEL SHARES”) FOR 30,250,000 NEW ORDINARY SHARES OF RM0.10 EACH IN SYSTECH BHD (“SYSTECH”) (“SYSTECH SHARES”) ON THE BASIS OF ONE (1) SYSTECH SHARE FOR EVERY TWO (2) VIZTEL SHARES HELD (“SHARE EXCHANGE”) |
Period of interest payment | to |
Financial Year End | |
Share transfer book & register of members will be | 01/06/2011 to 01/06/2011 closed from (both dates inclusive) for the purpose of determining the entitlements |
Registrar's name ,address, telephone no | Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel: 03-7841 8000 Fax: 03-7841 8151/8152 |
Payment date | |
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 01/06/2011 |
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) | 30250000 |
Entitlement indicator | Ratio |
Ratio | 1 : 2 |
Rights Issues/Offer Price |
Remarks : |
This announcement is made on behalf of Viztel. The shareholders of Viztel whose names appear on the Record of Depositors at the close of business at 5.00 p.m. on 1 June 2011 shall be entitled to the Share Exchange. The trading of Viztel Shares on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on 26 May 2011, being three (3) clear market days prior to the Entitlement Date in order to facilitate the Share Exchange. The suspension will continue until the admission of Systech to the Official List of Bursa Securities in place of Viztel and the listing of and quotation for the new Systech Shares on the ACE Market of Bursa Securities. This announcement is dated 13 May 2011. |
Announcement Info
Company Name | VIZTEL SOLUTIONS BERHAD (ACE Market) |
Stock Name | VIZTEL |
Date Announced | 13 May 2011 |
Category | Entitlements (Notice of Book Closure) |
Reference No | OS-110503-67168 |