BJMEDIA

Rights Issue

NEXNEWS BERHAD

EX-date

08/11/2006
Entitlement date10/11/2006
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 28,140,132 NEW ORDINARY SHARES OF RM1.00 EACH IN NEXNEWS BERHAD (“NEXNEWS” OR “COMPANY”) (“SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, PAYABLE IN FULL UPON ACCEPTANCE TOGETHER WITH UP TO 56,280,264 FREE DETACHABLE WARRANTS IN NEXNEWS (“WARRANTS”), ON THE BASIS OF ONE (1) RIGHTS SHARE AND TWO (2) WARRANTS FOR EVERY THREE (3) EXISTING SHARES HELD IN NEXNEWS AT 5.00 P.M. ON 10 NOVEMBER 2006 (“RIGHTS ISSUE”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 10/11/2006 to 10/11/2006 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noPFA Registration Services Sdn Bhd
Level 13, Uptown 1
No. 1, Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Tel No.: 03- 7725 4888
Fax No.: 03- 7722 2311
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers10/11/2006 
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)28140132 
Entitlement indicatorRatio
Ratio 1 : 3
Rights Issues/Offer Price 1

Remarks :
This announcement is made on behalf of the Board of Directors of Nexnews.

The 28,140,132 Rights Shares will be issued together with 56,280,264 free Warrants for every three (3) existing Shares held in Nexnews. The Rights Shares will be issued at an issue price of RM1.00 per Rights Share whilst the Warrants will be issued for free. The exercise price of the Warrants is RM1.00.


Announcement Info

Company NameNEXNEWS BERHAD  
Stock Name NEXNEWS    
Date Announced19 Oct 2006  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-061019-49541


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