Rights Issue


EX-date 13 Oct 2015
Entitlement date 16 Oct 2015
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description Renounceable rights issue of up to 2,373,841,596 new ordinary shares of RM0.10 each in Borneo Oil Berhad ("Bornoil") ("Bornoil Share(s)") ("Rights Share(s)") on the basis of six (6) Rights Shares for every one (1) existing Bornoil Share held, together with up to 1,186,920,798 free detachable warrants in Bornoil ("Warrant(s) C") on the basis of one (1) free Warrant C for every two (2) Rights Shares subscribed for, as at 5.00 p.m. on Friday, 16 October 2015 at an issue price of RM0.10 per Rights Share ("Rights Issue with Warrants")
Period of interest payment   to  
Financial Year End 31 Jan 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 LABUAN CORPORATE SERVICES SDN BHD 149A, Jalan Aminuddin Baki Taman Tun Dr Ismail 60000 Kuala Lumpur Tel No: (603) 7729 5529 Fax No: (603) 7728 5948
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 16 Oct 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 6 : 1
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.100
Par Value Malaysian Ringgit (MYR) 0.100

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 Bornoil whose names appear on the Record of Depositors as at 5.00 p.m. on Friday, 16 October 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 Friday, 16 October 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 Friday, 16 October 2015.

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

Holders of Warrant 2008/2018 ("Warrant B") of the Company shall qualify for entitlement to the Rights Issue with Warrants PROVIDED that the Warrant B holders lodge their duly executed and completed exercise forms together with the relevant exercise monies with the Share Registrar by 5.00 p.m. on Monday, 5 October 2015.

This announcement is dated 1 October 2015.

Announcement Info

Stock Name BORNOIL
Date Announced 01 Oct 2015
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29092015-00004

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