BORNOIL
Rights Issue
| BORNEO OIL BERHAD |
|
EX-date | 28/01/2008 |
| Entitlement date | 30/01/2008 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 57,431,716 NEW WARRANTS 2008/2018 (“WARRANTS 2008/2018”) ON THE BASIS OF ONE (1) NEW WARRANT 2008/2018 FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AT 5.00 P.M. ON 30 JANUARY 2008 AT AN ISSUE PRICE OF RM0.05 PER WARRANT 2008/2018 (“RIGHTS ISSUE OF WARRANTS”) |
| 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 | Labuan Corporate Services Sdn. Bhd. Level 11(A) Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000, W.P. Labuan Tel No. 087-410748 Fax No. 087-410515 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 30/01/2008 |
| 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) | 57431716 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 3 |
| Rights Issues/Offer Price | 0.05 |
| Remarks : |
| The Rights Issue of Warrants involves the renounceable rights issue of up to 57,431,716 new Warrants 2008/2018 on the basis of one (1) new Warrant 2008/2018 for every three (3) Borneo Oil Shares held by the entitled shareholders on 30 January 2008 at 5.00pm at an issue price of RM0.05 per Warrant 2008/2018. The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the entitled shareholders. This announcement is dated 15 January 2008. |
Announcement Info
| Company Name | BORNEO OIL BERHAD |
| Stock Name | BORNOIL |
| Date Announced | 15 Jan 2008 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-080109-74351 |