Entitlement date28/09/2012
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionI. Share capital reduction by the cancellation of RM0.09 of the par value of every existing ordinary share of RM0.10 each in I-Power Berhad ("I-Power") and the credit arising therefrom to be offset against the accumulated losses of I-Power ("Share Capital Reduction"); and

II. Consolidation of ten (10) ordinary shares of RM0.01 each into one (1) ordinary share of RM0.10 each in I-Power ("Consolidated Share") after the Share Capital Reduction ("Share Consolidation")
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 entitlements
Registrar's name ,address, telephone noInsurban Corporate Services Sdn Bhd
149A, Jalan Aminuddin Baki
Taman Tun Dr Ismail
60000 Kuala Lumpur
Tel : 03-7729 5529
Fax : 03-7728 5948
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers28/09/2012 
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 indicatorRatio
Ratio 1 : 10
Rights Issues/Offer Price

Remarks :
I-Power intends to implement the Share Capital Reduction, Shares Consolidation and the bonus issue of up to 71,348,410 new Consolidated Shares ("Bonus Shares") to be credited as fully paid-up to the existing shareholders of I-Power other than Chan Chuck Yan, Anne Kung Soo Ching, Ngu Sing Hieng and Wong Say Khim on the basis of three (3) Bonus Shares for every two (2) existing Consolidated Shares held ("Bonus Issue") on the same entitlement date of 28 September 2012.

Hence, please be informed that the trading of the existing I-Power shares and warrants on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on 25 September 2012 (being three (3) clear market days prior to the entitlement date of 28 September 2012) until the quotation of the Consolidated Shares and Bonus Shares on Bursa Securities. Hence, the last time and date of trading of the existing I-Power shares and warrants prior to the suspension will be 5.00 p.m. on 24 September 2012.

This announcement is dated 13 September 2012.

Announcement Info

Company NameI-POWER BERHAD (ACE Market) 
Stock Name IPOWER    
Date Announced13 Sept 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-120913-65165

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