IBRACO
Rights Issue
| IBRACO BERHAD |
| EX-date | 22 Jul 2015 |
| Entitlement date | 24 Jul 2015 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of 50,653,638 new ordinary shares of RM1.00 each ("Shares") ("Rights Shares") at an issue price of RM1.00 per Rights Share on the basis of two (2) Rights Shares for every five (5) existing Shares held in Ibraco Berhad ("Ibraco") as at 5.00 p.m. on 24 July 2015 ("Rights Issue") |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2015 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | Securities Services (Holdings) Sdn Bhd Level 7, Menara Milenium Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan, Malaysia Tel: 03-2084 9000 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 24 Jul 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) | 50,653,638 |
| Entitlement indicator | Ratio |
| Ratio | 2 : 5 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 1.000 |
| Par Value | Malaysian Ringgit (MYR) 1.000 |
| Remarks : |
This announcement is made pursuant to paragraph 6.21(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") whereby Ibraco may fix the books closure date before it obtains approval of its shareholders at the forthcoming Extraordinary General Meeting ("EGM") on 16 July 2015 as:-
(a) Ibraco's shareholders holding more than 50% of the aggregate of the nominal amounts of its voting shares have given their written irrevocable undertaking ("Undertaking"):-
(i) to vote in favour of the Rights Issue during the EGM; and
(ii) that they will not dispose of or otherwise reduce their shareholdings until after the EGM is fully convened and passed;
(b) Ibraco had on even date submitted the Undertaking to Bursa Securities; and
(c) the last day of trading of Ibraco Shares on a cum entitlement basis (being 21 July 2015) falls at least 1 market day after the date of the EGM.
This announcement is dated 9 July 2015. |
Announcement Info
| Company Name | IBRACO BERHAD |
| Stock Name | IBRACO |
| Date Announced | 09 Jul 2015 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08072015-00002 |