MLAB
Rights Issue
| MLABS SYSTEMS BERHAD |
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY")
RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE") |
| Ex-Date | 01 Jul 2024 |
| Entitlement date | 02 Jul 2024 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 02 Jul 2024 |
| 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) |
|
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.1600 |
| Par Value (if applicable) | |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | MLABS SYSTEMS BERHAD |
| Entitlement | Ordinary Rights |
| Ratio (New:Existing) | 3.0000 : 1.0000 |
| Rights Crediting Date | 02 Jul 2024 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 |
| Remarks : |
The abridged prospectus, together with the notice of provisional allotment and rights subscription form, relating to the Rights Issue (collectively, the "Documents") will only be despatched to the shareholders of the Company whose names appear in the Company's Record of Depositors as at the Entitlement Date ("Entitled Shareholders") at their registered addresses in Malaysia. Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or the Share Registrar to effect the change of address by 5.00 p.m. on the Entitlement Date.
The Documents are not intended to be (and will not be) issued, circulated or distributed in any countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue or the Documents comply with the laws of any countries or jurisdictions other than the laws of Malaysia.
The Documents will be despatched to the Entitled Shareholders no later than 2 market days after the Entitlement Date.
This announcement is dated 18 June 2024. |
Announcement Info
| Company Name | MLABS SYSTEMS BERHAD |
| Stock Name | MLAB |
| Date Announced | 18 Jun 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-18062024-00001 |
| Corporate Action ID | MY240618RHDI0001 |