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MYCRON

Rights Issue

MYCRON STEEL BERHAD

EX-date 27 Dec 2018
Entitlement date 31 Dec 2018
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description Renounceable rights issue of up to 56,709,091 new ordinary shares in Mycron Steel Berhad ("Mycron Shares") ("Rights Share(s)") on the basis of one (1) Rights Share for every five (5) Mycron Shares to be held at 5.00 p.m. on 31 December 2018 at an issue price of RM0.30 per Rights Share, together with up to 28,354,546 free detachable warrants ("Warrant(s)") on the basis of one (1) Warrant for every two (2) Rights Shares subscribed
Period of interest payment   to  
Financial Year End 30 Jun 2018
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 Trace Management Services Sdn Bhd (48646-M) Suite 11.05, 11th Floor, No. 566 Jalan Ipoh 51200 Kuala Lumpur Tel No. : 03-6252 8880 Fax No. :03-6252 8080
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 31 Dec 2018
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 indicator Ratio
Ratio 1 : 5
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.300
Par Value (if applicable)


Remarks :
The abridged prospectus, together with the notice of provisional allotment and the rights subscription form (collectively referred to as the "Documents") relating to the Rights Issue with Warrants will only be despatched to the shareholders of Mycron who have registered addresses in Malaysia and whose names appear in Mycron's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders with registered addresses outside Malaysia. However, the Entitled Shareholders who wish to receive the Documents have to provide the share registrar of Mycron, Trace Management Services Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. 

The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia. 

The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.

This announcement is dated 10 December 2018.


Announcement Info

Company Name MYCRON STEEL BERHAD
Stock Name MYCRON
Date Announced 10 Dec 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-10122018-00004