MINETEC
Rights Issue
| MINETECH RESOURCES BERHAD |
|
EX-date | 05/11/2014 |
| Entitlement date | 07/11/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 332,689,500 NEW ORDINARY SHARES OF RM0.15 EACH IN MINETECH RESOURCES BERHAD (“MRB”) (“MRB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 332,689,500 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) WARRANT FOR EVERY ONE (1) EXISTING MRB SHARE HELD AS AT 5.00 P.M. ON 7 NOVEMBER 2014 (“ENTITLEMENT DATE”) (“RIGHTS ISSUE OF SHARES 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 | Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan Tel. no.: 03-7720 1188 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 07/11/2014 |
| 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) | 332689500 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 1 |
| Rights Issues/Offer Price | 0.15 |
| Remarks : |
| The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the “Documents”) relating to the Rights Issue of Shares with Warrants will only be despatched to the shareholders of MRB who have a registered address in Malaysia and whose name appears in MRB’s Record of Depositors at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”). The Documents will not be despatched to Entitled Shareholders with registered address outside Malaysia. However, the Entitled Shareholders who wish to receive the Documents have to provide the share registrar of MRB, Boardroom Corporate Services (KL) Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue of Shares with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date. This announcement is dated 24 October 2014. |
Announcement Info
| Company Name | MINETECH RESOURCES BERHAD |
| Stock Name | MINETEC |
| Date Announced | 24 Oct 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-141024-55640 |