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TRC

Rights Issue

TRC SYNERGY BERHAD

EX-date

05/12/2006
Entitlement date07/12/2006
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO A MAXIMUM OF 35,420,000 NEW ORDINARY SHARES OF RM1.00 EACH ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE AND UP TO A MAXIMUM OF RM35,420,000 NOMINAL VALUE OF 5-YEAR 5% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK (“ICULS”) AT 100% OF THE NOMINAL VALUE TOGETHER WITH UP TO A MAXIMUM OF 35,420,000 FREE DETACHABLE WARRANTS ON THE BASIS OF 1 RIGHTS SHARE AND RM1.00 NOMINAL VALUE OF ICULS TOGETHER WITH 1 FREE WARRANT FOR EVERY 3 EXISTING ORDINARY SHARES OF RM1.00 EACH ("SHARES") HELD AT 5.00 P.M. ON 7 DECEMBER 2006 ("RIGHTS 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 noSymphony Share Registrars Sdn Bhd
Level 26, Menara Multi Purpose
Capital Square
8, Jalan Munshi Abdullah
50100 Kuala Lumpur
Tel No. 603-2721 2222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers07/12/2006 
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)35420000 
Entitlement indicatorRatio
Ratio 1 : 3
Rights Issues/Offer Price 1

Remarks :
Renounceable rights issue of:-
· up to a maximum of 35,420,000 Rights Shares at an issue price of RM1.00 per Rights Share; and
· up to a maximum of RM35,420,000 nominal value of ICULS at 100% of the nominal value,
together with up to a maximum of 35,420,000 free Warrants, on the basis of 1 Rights Share and RM1.00 nominal value of ICULS together with 1 free Warrant attached for every 3 existing Shares held at 5.00 p.m. on 7 December 2006

The renounceable entitlements to both the Rights Shares and the ICULS must be subscribed by the entitled shareholders whose names appear in the Record of Depositors of TRC Synergy Berhad at 5.00 p.m. on 7 December 2006 ("Entitled Shareholders") in full or in part (subject to the subscription of the Rights Shares and ICULS in an equal proportion), as a package and not to be subscribed separately or disproportionately.

Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares or the ICULS provisionally allotted to them under the Rights Issue will simultaneously relinquish their corresponding entitlements to the ICULS or the Rights Shares (as the case may be) including their corresponding entitlements to the Warrants.

The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders.

This announcement is dated 17 November 2006.


Announcement Info

Company NameTRC SYNERGY BERHAD  
Stock Name TRC    
Date Announced17 Nov 2006  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-061117-51536