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SANICHI

Rights Issue

SANICHI TECHNOLOGY BERHAD

EX-date 16 Nov 2018
Entitlement date 21 Nov 2018
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,012,285,042 NEW ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI") ("SANICHI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 506,142,521 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS E") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT E FOR EVERY 1 EXISTING SANICHI SHARE HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 21 NOVEMBER 2018 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS")
Period of interest payment   to  
Financial Year End 31 Dec 2018
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 50480 Kuala Lumpur Tel:03 62011120 Fax:03 62013121
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 21 Nov 2018
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 2 : 1
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.100
Par Value (if applicable)


Remarks :
The Abridged Prospectus together with the notice of provisional allotment and rights subscription form pursuant to the Rights Issue with Warrants (collectively, the "Documents"), will only be despatched to shareholders of Sanichi whose names appear in Sanichi's Record of Depositors as at 5.00 p.m. on 21 November 2018 at their registered address in Malaysia or who have provided the Share Registrar, ShareWorks Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 21 November 2018. 

The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any country or jurisdiction other than the laws of Malaysia.

Entitled Shareholders who are without an address for the service of documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the Share Registrar, ShareWorks Sdn Bhd, to effect the change of address by 5.00 p.m. on 21 November 2018.

Holders of outstanding warrants 2014/2019 ("Warrants C") ("Warrant C Holders") and holders of outstanding warrants 2016/2019 ("Warrants D") ("Warrant D Holders) who wish to be entitled to the Rights Shares with Warrants E should exercise their rights to subscribe for new Sanichi Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, ShareWorks Sdn Bhd, on or before 5.00 p.m. on 14 November 2018. This is to enable the new Sanichi Shares arising from such exercise to be allotted to the respective Warrant C Holders and Warrant D Holders such that their names will appear on the Record of Depositors of Sanichi by 5.00 p.m. on 21 November 2018.

This announcement is dated 5 November 2018.


Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI
Date Announced 05 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24102018-00005