MLAB

Rights Issue

MLABS SYSTEMS BERHAD

EX-date

31/03/2010
Entitlement date02/04/2010
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF 51,478,500 NEW ORDINARY SHARES OF RM0.10 EACH IN MLABS SYSTEM BERHAD ("MLABS") ("RIGHTS SHARE(S)") TOGETHER WITH 77,217,750 FREE DETACHABLE NEW WARRANTS ("WARRANT(S)") ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH THREE(3) WARRANTS FOR EVERY FOUR(4) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN MLABS AT 5.00 P.M. ON 2 APRIL 2010 PAYABLE IN FULL UPON ACCEPTANCE ("RIGHTS ISSUE")
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 noTRICOR INVESTOR SERVICES SDN BHD
(FORMERLY KNOWN AS TENAGA KOPERAT SDN. BHD.)
LEVEL 17, THE GARDENS NORTH TOWER
MID VALLEY CITY, LINGKARAN SYED PUTRA
59200 KUALA LUMPUR
TEL NO. : 03-2264 3883
FAX NO. : 03-2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers02/04/2010 
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 2 : 4
Rights Issues/Offer Price 0.1

Remarks :
The renounceable entitlements to the Rights Shares with Warrants must be subscribed by the entitled shareholders whose name appear in the Record of Depositors of Mlabs at 5.00 p.m. on 2 April 2010 ("Entitled Shareholder(s)") in full or part (subject to the subscription of the Rights Shares with Warrants in an equal proportion), as a package and not to be subscribed separately or disproportionately.

Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares provisionally allotted to them under the Rights Issue will simultaneously relinquish their corresponding entitlements to the Rights Shares including their corresponding entitlements to the Warrants.

The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders on 6 April 2010.

This announcement is dated 19 March 2010


Announcement Info

Company NameMLABS SYSTEMS BERHAD (ACE Market) 
Stock Name MLAB    
Date Announced19 Mar 2010  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-100304-53714


View original