Rights Issue


EX-date 20 Nov 2015
Entitlement date 24 Nov 2015
Entitlement time
Entitlement subject Rights Issue
Entitlement description Renounceable rights issue of up to 82,500,000 warrants in Solid Automotive Berhad ("Solid") ("Warrant(s)") on the basis of one (1) Warrant for every two (2) existing ordinary shares of RM0.50 each held in Solid as at 5.00 p.m. on Tuesday, 24 November 2015 at an issue price of RM0.20 per Warrant ("Rights Issue of Warrants")
Period of interest payment   to  
Financial Year End 30 Apr 2016
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 Tricor Investor & Issuing House Services Sdn Bhd (11324-H) Unit 32-01, Level 32, Tower A Vertical Business Suite, Avenue 3 Bangsar South No. 8 Jalan Kerinchi 59200 Kuala Lumpur Tel. No.: 03 2783 9299 Fax. No.: 03 2283 9222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 24 Nov 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)
Entitlement indicator Ratio
Ratio 1 : 2
Rights Issue/Offer Price
Par Value Malaysian Ringgit (MYR) 0.200

Remarks :
The Abridged Prospectus together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of Solid whose names appear on the Record of Depositors as at 5.00 p.m. on Tuesday, 24 November 2015 ("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 Tuesday, 24 November 2015.

The Abridged Prospectus together with the NPA and RSF will not be despatched to the foreign Entitled Shareholders and/ or their renouncee(s) (if applicable) who have not provided an address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on Tuesday, 24 November 2015.

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

This announcement is dated 9 November 2015.

Announcement Info

Stock Name SOLID
Date Announced 09 Nov 2015
Category Entitlement(Notice of Book Closure)
Reference Number ENT-09112015-00003

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