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Rights Issue


Entitlement subject Rights Issue
Type Renounceable
Entitlement description
Renounceable rights issue of up to 176,843,866 new ordinary shares in Prestariang Berhad ("Prestariang" or the "Company") ("Prestariang Share(s)" or "Share(s)") ("Rights Share(s)") at an issue price of RM0.200 per Rights Share, on the basis of 1 Rights Share for every 3 existing Prestariang Shares held, together with up to 176,843,866 free detachable warrants ("Warrant(s)") on the basis of 1 Warrant for every 1 Rights Share subscribed for, as at 5.00 p.m. on Friday, 30 October 2020 ("Rights Issue with Warrants")
Ex-Date 28 Oct 2020
Entitlement date 30 Oct 2020
Entitlement time 5:00 PM
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 30 Oct 2020
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)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.2000
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
Entitlement Ordinary Rights
Ratio (New:Existing) 1.0000  : 3.0000
Rights Crediting Date 30 Oct 2020
Fractional Entitlement
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat)

Seksyen 13

46200 Petaling Jaya




Remarks :
The abridged prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form relating to the Rights Issue with Warrants (collectively referred to as the "Documents") will only be despatched to the shareholders of the Company whose names appear in the Company's record of depositors as at 5.00 p.m. on Friday, 30 October 2020 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the Share Registrar with an address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Boardroom Share Registrars Sdn Bhd to effect the change of address by the Entitlement Date.

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

This announcement is dated 15 October 2020.

Announcement Info

Stock Name PRESBHD
Date Announced 15 Oct 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-15102020-00003
Corporate Action ID MY201015RHDI0001

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