IQZAN
Rights Issue
| IRE-TEX CORPORATION BERHAD |
|
EX-date | 14/05/2014 |
| Entitlement date | 16/05/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 517,014,000 or RM38,776,050 nominal value of five (5)-year, 1%, irredeemable convertible unsecured loan stocks ("ICULS") at 100% of the nominal value of RM0.075 each ("Rights ICULS") on the basis of four (4) RM0.075 nominal value of Rights ICULS for every one (1) ordinary share of RM0.40 each in Ire-Tex Corporation Berhad ("ITCB") held at 5.00 p.m. on 16 May 2014 together with up to 64,626,750 free warrants ("Warrants") on the basis of one (1) Warrant for every eight (8) Rights ICULS subscribed for ("Rights Issue of ICULS with 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 | AGRITEUM Share Registration Services Sdn Bhd 2nd Floor, Wisma Penang Garden 42 Jalan Sultan Ahmad Shah 10050 Penang Tel No: 04-2282 321 Fax No: 04-2272 391 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 16/05/2014 |
| 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 : 1 |
| Rights Issues/Offer Price | 0.075 |
| Remarks : |
| The Abridged Prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form (collectively referred to as the "Documents") in relation to the Rights Issue of ICULS with Warrants will only be despatched to the shareholders whose names appear on the Record of Depositors at 5.00 p.m. on 16 May 2014 ("Entitled Shareholders"). The Documents will only be sent to the Entitled Shareholders who have a registered address or an address for service in Malaysia. Entitled Shareholders who do not have a registered address or an address for service in Malaysia and who wish to change their address to Malaysia should inform their respective stockbrokers as well as the Share Registrar of ITCB to effect the change of address. Such notification should be done by 5.00 p.m. on 16 May 2014. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date. This announcement is dated 30 April 2014. |
Announcement Info
| Company Name | IRE-TEX CORPORATION BERHAD |
| Stock Name | IRETEX |
| Date Announced | 30 Apr 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-140430-49264 |