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Rights Issue


Entitlement subject Rights Issue
Type Renounceable
Entitlement description
Renounceable rights issue of up to 2,354,370,200 new ordinary shares in Icon Offshore Berhad ("Icon") ("Rights Shares") on the basis of 100 Rights Shares for every 1 ordinary share in Icon held after the share consolidation, together with up to 588,592,550 free detachable warrants ("Rights Warrants") on the basis of 1 Rights Warrant for every 4 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 23 January 2020 at an issue price of RM0.105 per Rights Share ("Rights Issue with Warrants")
Ex-Date 22 Jan 2020
Entitlement date 23 Jan 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 23 Jan 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) 0.1050
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
Entitlement Ordinary Rights
Ratio (New:Existing) 100.0000  : 1.0000
Rights Crediting Date 23 Jan 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 entitlement for the Rights Shares and the Rights Warrants shall be effected after the share consolidation by Icon, the entitlement date of which is 5.00 p.m. on Thursday, 23 January 2020. 

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 Icon whose names appear on the Record of Depositors as at 5.00 p.m. on Thursday, 23 January 2020 ("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 Thursday, 23 January 2020.

The Abridged Prospectus together with the NPA and RSF will not be sent to the foreign Entitled Shareholders and/or their renouncee(s)/transferee(s) (if applicable) who do not have a registered 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 Thursday, 23 January 2020.

This announcement is dated 9 January 2020.

Announcement Info

Stock Name ICON
Date Announced 09 Jan 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-09012020-00004
Corporate Action ID MY200109RHDI0002