MNC
Rights Issue
| M N C WIRELESS BERHAD |
| EX-date | 11 Oct 2016 |
| Entitlement date | 13 Oct 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 283,420,500 new ordinary shares of RM0.10 each in MNC ("MNC Shares") ("Rights Shares") together with up to 188,947,000 free detachable warrants ("Warrants") at an issue price of RM0.10 per Rights Share on the basis of three (3) Rights Shares together with two (2) Warrants for every one (1) existing MNC Share held at 5.00 p.m. on 13 October 2016, based on a minimum subscription level of 33,000,000 Rights Shares together with 22,000,000 Warrants |
| 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 entitlement |
| Registrar or Service Provider name, address, telephone no | Securities Services (Holdings) Sdn Bhd Level 7, Menara Milenium Jalan Damanlela Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel No: +603 - 2084 9000 Fax No: +603 - 2094 9940 / 2095 0292 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 13 Oct 2016 |
| 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 indicator | Ratio |
| Ratio | 3 : 1 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.100 |
| Par Value | Malaysian Ringgit (MYR) 0.100 |
| Remarks : |
The Abridged Prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form (collectively referred to as the "Documents") in relation to the Rights Issue with Warrants will only be despatched to the shareholders whose names appear on the Record of Depositors at 5.00 p.m. on 13 October 2016 ("Entitled Shareholders").
The Documents will only be sent to the Entitled Shareholders who have a registered address or an address for service in Malaysia. Entitled Shareholders who do not have a registered address or an address for service in Malaysia and who wish to change their address to Malaysia should inform their respective stockbrokers as well as the Share Registrar of MNC to effect the change of address. Such notification should be done by 5.00 p.m. on 13 October 2016.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date.
This announcement is dated 28 September 2016. |
Announcement Info
| Company Name | M N C WIRELESS BERHAD |
| Stock Name | MNC |
| Date Announced | 28 Sep 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-27092016-00007 |