Bonus Issue


EX-date 24 May 2017
Entitlement date 26 May 2017
Entitlement time 05:00 PM
Entitlement subject Bonus Issue
Entitlement description Bonus issue of up to 2,112,341,814 new ordinary shares in Borneo Oil Berhad ("Bornoil") ("Bornoil Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of four (4) Bonus Shares for every eight (8) existing Bornoil Shares held as at 5.00 p.m. on 26 May 2017 ("Bonus Issue of Shares")
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 entitlement
Registrar or Service Provider name, address, telephone no LABUAN CORPORATE SERVICES SDN BHD 1st & 2nd Floor, Victoria Point Jalan OKK Awang Besar 87007W.P. Labuan Tel:087410748 Fax:087410515
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 26 May 2017
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 4 : 8
Rights Issue/Offer Price
Par Value Malaysian Ringgit (MYR) 0.000

Remarks :
Shareholders are advised to read this notice of book closure together with the Company's announcements dated 12 May 2017 in relation to the notice of book closure for the free Warrants D, adjustments to Warrants B and adjustments to Warrants C, respectively.

The Bonus Shares will be listed and quoted simultaneously with the Warrants D, additional Warrants B and additional Warrants C two (2) market days after the receipt of the quotation application by Bursa Malaysia Securities Berhad. The notice of allotment of the Bonus Shares will be issued and despatched to the entitled shareholders in due course.

Warrant B holders and/ or Warrant C holders who wish to be entitled to the Bonus Shares and free Warrants D should exercise their rights to subscribe for new Bornoil Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Labuan Corporate Services Sdn Bhd, on or before 5.00 p.m. on 16 May 2017. This is to enable the new Bornoil Shares to be issued arising from such exercise to be allotted to the respective Warrant B holders and/ or Warrants C holders such that their names will appear on the Record of Depositors of Bornoil Shares as at 5.00 p.m. on 26 May 2017.

Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.

This announcement is dated 12 May 2017.

Announcement Info

Stock Name BORNOIL
Date Announced 12 May 2017
Category Entitlement(Notice of Book Closure)
Reference Number ENT-12052017-00002

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