INSAS
Rights Issue
| INSAS BERHAD |
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS") |
| Ex-Date | 02 Feb 2021 |
| Entitlement date | 03 Feb 2021 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 03 Feb 2021 |
| 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) |
|
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 1.0000 |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.0000 |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | INSAS BERHAD |
| Entitlement | Preference Rights |
| Ratio (New:Existing) | 2.0000 : 10.0000 |
| Rights Crediting Date | 03 Feb 2021 |
| Fractional Entitlement | |
| Registrar or Service Provider name, address, telephone no |
SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 |
| Remarks : |
The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form for the Rights Issue with Warrants (collectively, the "Documents") will be despatched to the shareholders of Insas whose names appear in the Record of Depositors as at 5.00 p.m. on 3 February 2021 (''Entitled Shareholders'') and who have a registered address in Malaysia or who have provided the Company's Special Share Registrar, ShareWorks Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 3 February 2021.
The Documents are not intended to and will not be made to comply with the laws of any country or jurisdiction other than Malaysia, and 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 do not have a registered address in Malaysia for the service of documents and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on 3 February 2021.
This announcement is dated 18 January 2021. |
Announcement Info
| Company Name | INSAS BERHAD |
| Stock Name | INSAS |
| Date Announced | 18 Jan 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-18012021-00004 |
| Corporate Action ID | MY210118RHDI0001 |