PARAMON
Rights Issue
| PARAMOUNT CORPORATION BERHAD |
|
EX-date | 04/07/2014 |
| Entitlement date | 08/07/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 84,452,864 NEW ORDINARY SHARES OF RM0.50 EACH IN PARAMOUNT CORPORATION BERHAD ("PARAMOUNT")("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.10 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN PARAMOUNT AS AT 5.00 P.M. ON 8 JULY 2014 ("ENTITLEMENT DATE") ("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 no | Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel no: (603) 2264 3883 Fax no: (603) 2282 1886 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08/07/2014 |
| 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) | |
| Entitlement indicator | Ratio |
| Ratio | 1 : 4 |
| Rights Issues/Offer Price | 1.1 |
| Remarks : |
| The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as "Documents") relating to the Rights Issue will only be despatched to the shareholders of Paramount who have a registered address in Malaysia and whose names appear in Paramount's Record of Depositors as at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders who have not provided a registered address in Malaysia for the service of the Documents. The Entitled Shareholders who are without a registered address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address prior to the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the laws of any countries or jurisdictions other than Malaysia. Subject to the above, the Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date. This announcement is dated 24 June 2014. |
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 24 Jun 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | ML-140618-51931 |