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IVORY

Rights Issue

IVORY PROPERTIES GROUP BERHAD

EX-date

28/03/2012
Entitlement date30/03/2012
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement description(i) Renounceable rights issue of 186,000,000 new ordinary shares of RM0.50 each in Ivory Properties Group Berhad ("Ivory") ("Rights Share(s)") at an issue price of RM0.55 per Rights Share together with 186,000,000 free detachable warrants ("Warrant(s)") on the basis of one (1) Rights Share and one (1) Warrant for every one (1) existing ordinary share of RM0.50 each in Ivory ("Ivory Share(s)") held at 5.00 p.m. on 30 March 2012 payable in full upon acceptance ("Rights Issue"); and

(ii) Bonus issue of 46,500,000 new Ivory Shares (Bonus Share(s)") on the basis of one (1) Bonus Share for every four (4) Rights Shares subscribed by the existing shareholders of Ivory and/or their renouncee(s) pursuant to the Rights Issue ("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 noAGRITEUM Share Registration Services Sdn Bhd
2nd Floor, Wisma Penang Garden
42 Jalan Sultan Ahmad Shah
10050 Penang
Telephone: 604 – 228 2321
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers30/03/2012 
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 : 1
Rights Issues/Offer Price 0.55

Remarks :
The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, "Documents"), will only be despatched to the shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 30 March 2012 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 30 March 2012.

The Entitled Shareholders and/or their renouncee(s) who subscribe for the Rights Shares with Warrants shall be entitled to the Bonus Issue on the basis of one (1) Bonus Share for every four (4) Rights Shares subscribed by the Entitled Shareholders and/or their renouncee(s) on 30 March 2012.

The date of listing of the Rights Shares and Bonus Shares to be issued pursuant to the Rights Issue and Bonus Issue on the Main Market of Bursa Malaysia Securities Berhad will be on 2 May 2012.

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

This announcement is dated 16 March 2012.


Announcement Info

Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY    
Date Announced16 Mar 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-120316-62076