INSAS
Rights Issue
| INSAS BERHAD |
|
EX-date | 23/01/2015 |
| Entitlement date | 27/01/2015 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 138,666,727 REDEEMABLE PREFERENCE SHARES OF RM0.01 EACH (“RPS”) IN INSAS BERHAD (“INSAS”) TOGETHER WITH UP TO 277,333,454 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RPS TOGETHER WITH TWO (2) WARRANTS FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN INSAS, SUBSCRIBED AT 5.00 P.M. ON 27 JANUARY 2015 AT AN ISSUE PRICE OF RM1.00 PER RPS 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. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Tel: 03-6201 1120 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 27/01/2015 |
| 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) | 138666727 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 5 |
| Rights Issues/Offer Price | 1 |
| Remarks : |
| Shareholders' approval for the Rights Issue with Warrants was obtained on 3 November 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 29 January 2015 to the entitled shareholders of Insas whose names appear on the Record of Depositors of Insas on 27 January 2015. 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 Insas: (i) who do not have a registered address in Malaysia in the Record of Depositors; or (ii) who have not provided the Special Share Registrar (for the Rights Issue with Warrants) with a registered address in Malaysia in writing not later than 5.00 p.m. on 27 January 2015, being the entitlement date for the Rights Issue with Warrants. This announcement is dated 13 January 2015. |
Announcement Info
| Company Name | INSAS BERHAD |
| Stock Name | INSAS |
| Date Announced | 13 Jan 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-150112-66702 |