ARK
Rights Issue
| ARK RESOURCES BERHAD |
|
EX-date | 30/05/2011 |
| Entitlement date | 01/06/2011 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 15,475,725 NEW ORDINARY SHARES OF RM1.00 EACH IN ARK RESOURCES BERHAD ("ARK") (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN ARK AS AT 5.00 P.M. ON 1 JUNE 2011 TOGETHER WITH 15,475,725 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) DETACHABLE WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED |
| 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: 03-2264 3883 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 01/06/2011 |
| 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 | 3 : 4 |
| Rights Issues/Offer Price | 1 |
| Remarks : |
| The Abridged Prospectus, together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will be despatched to the shareholders of ARK whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders") not later than two (2) market days from the Entitlement Date. The Abridged Prospectus, together with the NPA and RSF, will not be sent to the foreign Entitled Shareholders who do not have an address in Malaysia. Any foreign Entitled Shareholder who is without a registered address in Malaysia and wish to provide a Malaysian address, should inform his/her stockbroker to effect the change of address prior to 1 June 2011. On the even date, ARK has also announced the Book Closure Date for the capital reduction of the issued and paid-up share capital of ARK under the Companies Act 1965 involving the cancellation of RM0.50 of the par value of each existing issued and fully paid-up share of ARK of RM1.00 each and thereafter a capital consolidation on the basis of two (2) ordinary shares of RM0.50 each into one (1) ordinary share of RM1.00 each which will be closed at 5.00 p.m. on 1 June 2011. This announcement is dated 18 May 2011. |
Announcement Info
| Company Name | ARK RESOURCES BERHAD |
| Stock Name | ARK |
| Date Announced | 18 May 2011 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | ML-110511-53142 |