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IBHD

Others

I-BERHAD

EX-date

10/10/2014
Entitlement date14/10/2014
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionAdjustment to the number and the exercise price of the warrants in I-Berhad (“Warrants”) made in accordance with the provisions under the Deed Poll constituting the Warrants dated 28 August 2014 (“Deed Poll”). The adjustment is consequential to a bonus issue of up to 103,037,720 new ordinary shares of RM0.50 each in I-Berhad (“Bonus Shares”), to be credited as fully paid-up, on the basis of 1 Bonus Share for every 5 existing I-Berhad ordinary shares held by entitled I-Berhad shareholders as at 5.00 p.m. on 14 October 2014 (“Bonus Entitlement Date”) (“Bonus 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 noTricor 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 transfers14/10/2014 
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 1 : 5
Rights Issues/Offer Price

Remarks :
As at the date of this announcement, the Warrants are pending issuance as its issuance is pursuant to I-Berhad’s rights issue of 286,215,890 new ordinary shares of RM0.50 each in I-Berhad (“Shares”) (“Rights Shares”) together with 57,243,178 free detachable Warrants on the basis of five (5) Rights Shares for every four (4) existing Shares held and one (1) Warrant for every five (5) Rights Shares held as at 5.00 p.m. on 12 September 2014, at an issue price of RM0.69 per Rights Share (“Rights Issue with Warrants”).

For illustrative purposes only, the enlarged issued and paid-up share capital of I-Berhad upon completion of the Rights Issue with Warrants will be 515,188,602 Shares, without taking into account the Bonus Issue. Pursuant thereto, a total of 57,243,178 Warrants are expected to be issued, listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 14 October 2014.

The number of Warrants and the exercise price for such Warrants shall be adjusted in accordance with the provisions of the Deed Poll as a consequence of the Bonus Issue (“Adjustments”), subject to the issuance and allotment of the Warrants. The effective date for the Adjustments shall be on 15 October 2014, being 1 market day after the Bonus Entitlement Date. The Warrant holders whose names appear in the Record of Depositors for the Warrants at 5:00 p.m. on 14 October 2014, being the Bonus Entitlement Date, will be entitled to receive the additional Warrants arising from the Adjustments.

Pursuant to the Adjustments, up to 11,448,636 additional Warrants with an exercise price of RM1.41 for each Warrant shall be listed and quoted on the Bursa Securities on 15 October 2014. A notification to the Warrant holders setting out the details of such Adjustments will be dispatched to the Warrant holders within 21 days of such Adjustments.

This announcement is dated 29 September 2014.


Announcement Info

Company NameI-BERHAD  
Stock Name IBHD    
Date Announced29 Sept 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-140929-55567


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