FINTEC
Rights Issue
| ASIA BIOENERGY TECHNOLOGIES BERHAD |
| EX-date | 31 Oct 2017 |
| Entitlement date | 02 Nov 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,163,208,800 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT") ("ICPS") AT AN ISSUE PRICE OF RM0.08 PER ICPS TOGETHER WITH UP TO 116,320,880 FREE DETACHABLE WARRANTS IN ABT ("WARRANTS B") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 5 EXISTING ORDINARY SHARES IN ABT HELD BY THE ENTITLED SHAREHOLDERS OF ABT AT 5.00 P.M. ON 2 NOVEMBER 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE OF ICPS WITH WARRANTS") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 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 | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Tel:03 2783 9299 Fax:03 2783 9222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 02 Nov 2017 |
| 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) 0.080 |
| Par Value (if applicable) | |
| Remarks : |
The Abridged Prospectus together with the notice of provisional allotment and rights subscription form pursuant to the Rights Issue of ICPS with Warrants (collectively, the "Documents"), will only be despatched to shareholders of ABT whose names appear in ABT's Record of Depositors as at 5.00 p.m. on 2 November 2017 at their registered address in Malaysia or who have provided the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 2 November 2017.
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 of ICPS 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, Tricor Investor & Issuing House Services Sdn Bhd, to effect the change of address by 5.00 p.m. on 2 November 2017.
Holders of outstanding warrants 2014/2024 ("Warrants A") ("Warrant A Holders") who wish to be entitled to the ICPS with Warrants should exercise their rights to subscribe for new ABT Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 23 October 2017. This is to enable the new ABT Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of ABT by 5.00 p.m. on 2 November 2017.
This announcement is dated 19 October 2017. |
Announcement Info
| Company Name | ASIA BIOENERGY TECHNOLOGIES BERHAD |
| Stock Name | ASIABIO |
| Date Announced | 19 Oct 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19102017-00001 |