ALRICH

Rights Issue

ORION IXL BERHAD

EX-date 30 Jun 2017
Entitlement date 04 Jul 2017
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 465,854,970 NEW ORDINARY SHARES IN ORION (RIGHTS SHARE(S)) ON THE BASIS OF 7 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES IN ORION HELD AT 5.00 P.M. ON 4 JULY 2017 TOGETHER WITH 232,927,485 FREE DETACHABLE WARRANTS (WARRANT(S)) ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE
Period of interest payment   to  
Financial Year End 31 Dec 2017
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480Kuala Lumpur Tel:0362011120 Fax:0362013121
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 04 Jul 2017
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) 465,854,970
Entitlement indicator Ratio
Ratio 7 : 2
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.170
Par Value (if applicable)


Remarks :
Shareholders' approval for the Rights Issue with Warrants was obtained on 30 May 2017. The abridged prospectus together with the rights subscription form and notice of provisional allotment (collectively referred to as "Documents") in relation to the Rights Issue with Warrants will be despatched on 6 July 2017 to the entitled shareholders of the Company whose names appear on the Record of Depositors of the Company on 4 July 2017 (Entitled Shareholders). These Documents have not been and will not be registered under or made to comply with the laws of any foreign jurisdiction and have not been (and will not be) lodged, registered or approved pursuant to or under any legislation (or with or by any regulatory authority or other relevant body) of any foreign jurisdiction. The Rights Issue with Warrants will not be made or offered in any foreign jurisdiction. Accordingly, these Documents will not be sent to the foreign Entitled Shareholders or their renouncee(s)/ transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholders of their renouncee(s)/ transferee(s) (if applicable) may collect the Documents from the Company's Share Registrar, in which event the Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents. 

This announcement is dated 15 June 2017.


Announcement Info

Company Name ORION IXL BERHAD
Stock Name ORION
Date Announced 15 Jun 2017
Category Entitlement(Notice of Book Closure)
Reference Number ENT-15062017-00004


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