BJCORP

Rights Issue

BERJAYA GROUP BERHAD

EX-date

24/10/2005
Entitlement date26/10/2005
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of up to 567,229,214 new 0% 10-Year Irredeemable Convertible Unsecured Loan Stocks (“ICULS”) of RM0.50 nominal amount each in Berjaya Corporation Berhad (“BCorp”) (“BCorp ICULS”) (“Rights BCorp ICULS”) at 100% of its nominal amount of RM0.50 with up to 153,151,888 free additional BCorp ICULS (“Additional BCorp ICULS”) on the basis of four (4) RM0.50 nominal amount of Rights BCorp ICULS for every five (5) BCorp Shares or BCorp ICULS receivable pursuant to the BGroup Scheme (as defined below) and 0.27 free Additional BCorp ICULS for every RM0.50 nominal amount of Rights BCorp ICULS successfully subscribed (“BCorp Rights Issue”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 26/10/2005 to 26/10/2005 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBerjaya Registration Services Sdn Bhd
Lot C1-C3, Block C, 2nd Floor
KL Plaza
179, Jalan Bukit Bintang
55100 Kuala Lumpur
Tel No.: 03- 2145 0533
Fax No.: 03- 2145 9702
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers26/10/2005 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit26/10/2005 
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)720381102 
Entitlement indicatorRatio
Ratio 4 : 5
Rights Issues/Offer Price 0.5

Remarks :
This announcement is made on behalf of the Board of Directors of BCorp and by the order of the Board of Directors of Berjaya Group Berhad (“BGroup”).

The basis for the entitlements for the BCorp Rights Issue will be based on the new ordinary shares of RM1.00 each in BCorp (“BCorp Shares”) and BCorp ICULS receivable pursuant to the voluntary scheme of arrangement between the shareholders of BGroup, the holders of 5% ICULS 1999/2009 in BGroup (“BGroup ICULS”) and the holders of Warrants 1999/2009 issued by BGroup (“BGroup Warrants”) pursuant to Section 176 of the Companies Act, 1965 with BCorp for the exchange of the securities of BGroup with new BCorp Shares and BCorp ICULS (“BGroup Scheme”).

The basis of the BCorp Rights Issue is four (4) Rights BCorp ICULS for every five (5) BCorp Shares or BCorp ICULS receivable pursuant to the BGroup Scheme and 0.27 free Additional BCorp ICULS for every RM0.50 nominal amount of Rights BCorp ICULS successfully subscribed.

Shareholders of BGroup are requested to refer to the announcement dated 29 September 2005 in relation to the notice of books closure for the BGroup Scheme and the BCorp Rights Issue.


Announcement Info

Company NameBERJAYA GROUP BERHAD  
Stock Name BJGROUP    
Date Announced29 Sept 2005  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-050929-56269


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