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IBHD

Offer for Sale

I-BERHAD

EX-date

10/09/2014
Entitlement date12/09/2014
Entitlement time05:00:00 PM
Entitlement subjectOffer for Sale
Entitlement descriptionRenounceable restricted offer for sale of up to 289,132,870 5-year 2% to 3% irredeemable convertible unsecured loan stocks of up to RM144,566,435 at 100% of its nominal value of RM0.50 each on the basis of five (5) ICULS for every one (1) share held by the OFS entitled shareholders as at 5.00 p.m. on 12 September 2014, at an offer price of RM0.50 each (“OFS”).

The OFS is undertaken by Sumurwang Sdn Bhd to I-Berhad’s minority shareholders excluding The Peak @ KLCC Sdn Bhd, its related parties and connected persons, such as Sumurwang Sdn Bhd, Sumur Ventures Sdn Bhd, Sumurwang Capital Sdn Bhd, Tan Sri Lim Kim Hong, Puan Sri Tey Siew Thuan, Tay Siew Lian and Tang Soke Cheng.
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 noTricor Investor Services Sdn Bhd

Level 17, The Gardens North Tower,
Mid Valley City,
Lingkaran Syed Putra,
59200 Kuala Lumpur
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers12/09/2014 
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 indicatorRatio
Ratio 5 : 1
Rights Issues/Offer Price 0.5

Remarks :
The Prospectus together with the notice of provisional offer and offer acceptance form in relation to the OFS (collectively the “OFS Documents”) will be despatched to the entitled shareholders of I-Berhad whose names appear on the Records of Depositors maintained by Bursa Malaysia Depository Sdn Bhd as at 5.00 p.m. on 12 September 2014 (“OFS Entitled Shareholders”). The OFS is undertaken by Sumurwang Sdn Bhd to I-Berhad’s minority shareholders excluding The Peak @ KLCC Sdn Bhd, its related parties and connected persons, such as Sumurwang Sdn Bhd, Sumur Ventures Sdn Bhd, Sumurwang Capital Sdn Bhd, Tan Sri Lim Kim Hong, Puan Sri Tey Siew Thuan, Tay Siew Lian and Tang Soke Cheng, holding an aggregate of 57,826,574 I-Berhad ordinary shares or approximately 25.3% of I-Berhad issued and paid-up share capital as at 26 August 2014.

The OFS Documents will also be made available on Bursa Malaysia Securities Berhad’s website (www.bursamalaysia.com) from 12 September 2014 onwards.

The OFS Documents have not been (and will not be) made to comply with the laws of any foreign jurisdiction and have not been (and will not be) lodged, registered or approved pursuant to or under any legislation (or with or by any regulatory authorities or other relevant bodies) of any jurisdiction other than Malaysia.

The OFS Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that the OFS complies with the laws of any countries or jurisdictions other than the laws of Malaysia. The OFS to which the OFS Documents relate to is only available to the OFS Entitled Shareholders receiving the OFS Documents within Malaysia.

The OFS Documents will not be despatched to the OFS Entitled Shareholders who have not provided an address in Malaysia. Any shareholder who wishes to change/provide a Malaysian address, should inform his/her stockbroker or I-Berhad’s Share Registrar, Tricor Investor Services Sdn Bhd to effect the change of address by 5.00 p.m. on 12 September 2014.

This announcement is dated 28 August 2014.


Announcement Info

Company NameI-BERHAD  
Stock Name IBHD    
Date Announced28 Aug 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-140828-59753


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