ELKDESA
Rights Issue
| ELK-DESA RESOURCES BERHAD |
|
EX-date | 14/03/2014 |
| Entitlement date | 18/03/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of irredeemable convertible unsecured loan stock ("ICULS") of RM100,000,000 in nominal value with coupon rate of 3.25% per annum on the nominal value of the ICULS at 100% of the nominal value of RM1.00 each for a tenure of eight (8) years ("Rights ICULS") on the basis of four (4) Rights ICULS of RM1.00 each in nominal value for every five (5) existing ordinary shares of RM1.00 each in ELK-Desa Resources Berhad ("ELK-Desa") ("ELK-Desa Share (s)") held as at 5.00 p.m. on 18 March 2014 ("Rights Issue of ICULS") |
| 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 no | Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel: 603-2264 3883 Fax: 603-2282 1886 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 18/03/2014 |
| 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 | 4 : 5 |
| Rights Issues/Offer Price | 1 |
| Remarks : |
| The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, "Documents"), will only be despatched to shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 18 March 2014 ("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 18 March 2014. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date. The Documents will not be despatched to the Entitled Shareholders who have not provided an address in Malaysia. Entitled Shareholders who are without an address for the service of Documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the share registrar, Tricor Investor Services Sdn Bhd to effect the change of address prior to 18 March 2014. The Documents are not intended to be issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue of ICULS complies with the law of any country or jurisdiction other than the laws of Malaysia. |
Announcement Info
| Company Name | ELK-DESA RESOURCES BERHAD |
| Stock Name | ELKDESA |
| Date Announced | 4 Mar 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | CU-140304-44922 |