SCBUILD
Rights Issue
| FLONIC HI-TEC BHD |
|
EX-date | 13/10/2014 |
| Entitlement date | 15/10/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 524,902,678 NEW ORDINARY SHARES OF RM0.05 EACH IN FLONIC (“RIGHTS SHARES”) TOGETHER WITH UP TO 349,935,118 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.05 EACH IN FLONIC TOGETHER WITH TWO (2) WARRANTS FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED AT 5.00 P.M. ON 15 OCTOBER 2014 AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE ("RIGHTS ISSUE WITH 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 entitlements |
| Registrar's name ,address, telephone no | ShareWorks Sdn Bhd No. 10-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Telephone number: 03-6201 1120 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15/10/2014 |
| 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) | 524902678 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 1 |
| Rights Issues/Offer Price | 0.07 |
| Remarks : |
| Shareholders' approval for the Rights Issue with Warrants was obtained on 29 August 2014. The abridged prospectus together with the rights subscription form and the notice of provisional allotment (collectively referred to as "Documents") in relation to the Rights Issue with Warrants will be despatched on 17 October 2014 to the entitled shareholders of Flonic whose name appear on the Record of Depositors of Flonic on 15 October 2014. The Documents will not be registered under any legislation of any foreign jurisdiction, and the Rights Issue with Warrants will not be made or offered in any foreign jurisdiction. Accordingly, the Documents will not be sent to foreign entitled shareholders of Flonic: (i) who do not have a registered address in Malaysia in the Record of Depositors; or (ii) who have not provided the Share Registrar with a registered address in Malaysia in writing not later than 5.00 p.m. on 15 October 2014, being the entitlement date for the Rights Issue with Warrants. This announcement is dated 29 September 2014. |
Announcement Info
| Company Name | FLONIC HI-TEC BHD (ACE Market) |
| Stock Name | FLONIC |
| Date Announced | 29 Sept 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-140926-40824 |