ARK

Others

ARK RESOURCES BERHAD

EX-date 02 Aug 2018
Entitlement date 06 Aug 2018
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description ENTITLEMENT DATE FOR THE EXCHANGE OF ALL LISTED SECURITIES OF ARK RESOURCES BERHAD ("ARK" OR "COMPANY") WHICH ARE IN EXISTENCE ON THE ENTITLEMENT DATE ("ARK SECURITY(IES)") WITH NEW SECURITIES IN A NEW INVESTMENT HOLDING COMPANY, ARK RESOURCES HOLDINGS BERHAD ("ARK HOLDINGS") ("ARK HOLDINGS SECURITY(IES)"), VIA A SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ON A ONE-FOR-ONE BASIS ("SECURITIES EXCHANGE")
Period of interest payment   to  
Financial Year End 31 Dec 2018
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 BOARDROOM CORPORATE SERVICES (KL) SDN BHD Lot 6.05, Level 6, KPMG Tower 8, First Avenue Bandar Utama 47800Petaling Jaya Tel:0377201188 Fax:0377201111
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 06 Aug 2018
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 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The shareholders of ARK and holders of ARK warrants 2011/2021 ("ARK Warrants") whose names appear on the respective Record of Depositors of ARK at 5.00 p.m. on Monday, 6 August 2018 ("Entitlement Date"), shall be entitled to participate in the Securities Exchange. In order to facilitate the Securities Exchange, the trading of ARK Securities on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended from 9.00 a.m. on Tuesday, 31 July 2018, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day and time of trading of ARK Securities on the Main Market of Bursa Securities shall be at 5.00 p.m. on Monday, 30 July 2018. The suspension of trading of ARK Securities will continue until the admission of Ark Holdings to the Official List of Bursa Securities and the listing of and quotation for the Ark Holdings Securities to be issued under the Securities Exchange on the Main Market of Bursa Securities. The last date and time for exercise of the ARK Warrants to be entitled to the new ordinary shares of ARK ("ARK Shares") will be at 5.00 p.m., Wednesday, 25 July 2018. If a holder of ARK Warrants exercises any of its ARK Warrants not less than 8 market days before the Entitlement Date (i.e., latest by 5.00 p.m. on Wednesday, 25 July 2018) in accordance with the terms of the deed poll dated 18 May 2011 constituting the ARK Warrants ("Deed Poll"), new ordinary shares of ARK ("ARK Shares") will be issued and allotted to the exercising holder of ARK Warrants in accordance with the terms of the Deed Poll and on the Entitlement Date, each holder of the new ARK Shares so issued and allotted shall be an entitled shareholder for the purpose of the Securities Exchange. The existing ARK Warrants which are not exercised by 5.00 p.m. on Wednesday, 25 July 2018 will be exchanged with the new warrants in Ark Holdings ("Ark Holdings Warrants"). Holders of Ark Holdings Warrants may exercise their Ark Holdings Warrants commencing from the date of listing of the Ark Holdings Warrants up to 30 June 2021, being the expiry date of the Ark Holdings Warrants. A notice to the shareholders of ARK and holders of ARK Warrants in relation to the Entitlement Date for the Securities Exchange will be despatched on 19 July 2018.


Announcement Info

Company Name ARK RESOURCES BERHAD
Stock Name ARK
Date Announced 18 Jul 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-17072018-00004


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