ECOWLD

Rights Issue

ECO WORLD DEVELOPMENT GROUP BERHAD

EX-date

03/03/2015
Entitlement date05/03/2015
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of 656,740,426 new ordinary shares of RM0.50 each in Eco World Development Group Berhad (“EW Berhad”) (“EW Berhad Shares”) (“Rights Shares”) at an issue price of RM1.20 per Rights Share, together with 525,392,340 free detachable warrants (“Warrants”) on the basis of one (1) Rights Share for every two (2) existing EW Berhad Shares held as at 5.00 p.m. on 5 March 2015 ("Entitlement Date") and four (4) Warrants for every five (5) Rights Shares subscribed for ("Rights Issue 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 noSecurities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Wilayah Persekutuan

Tel. no.: +603 2084 9000
Fax no.: +603 2094 9940/+603 2095 0292
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers05/03/2015 
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)656740426 
Entitlement indicatorRatio
Ratio 1 : 2
Rights Issues/Offer Price 1.2

Remarks :
The Abridged Prospectus, together with the notice of provisional allotment and the rights subscrition form pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to shareholders of EW Berhad whose names appear in EW Berhad's Record of Depositors as at 5.00 p.m. on 5 March 2015 (“Entitled Shareholders”) who have a registered address in Malaysia or who have provided EW Berhad's Share Registrar with a registered address in Malaysia in writing on or before 5.00 p.m. on 5 March 2015.

The Documents have not been (and will not be) made to comply with the laws of any foreign jurisdiction and have not been (and will not be) lodged, registered or approved pursuant to or under any legislation (or with or by any regulatory authorities or other relevant bodies) of any jurisdiction other than Malaysia. The Rights Issue with Warrants to which the Documents relate is only available to Entitled Shareholders receiving the Documents electronically or otherwise within Malaysia.

The Documents will not be sent to Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) who have not provided an address in Malaysia for the service of the Documents to be issued for purposes of the Rights Issue with Warrants ("Foreign Addressed Shareholders"). However, such Foreign Addressed Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from EW Berhad's Share Registrar, Securities Services (Holdings) Sdn Bhd, at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan, Malaysia, in which event the Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid Documents.


Announcement Info

Company NameECO WORLD DEVELOPMENT GROUP BERHAD  
Stock Name ECOWLD    
Date Announced17 Feb 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-150213-61631


View original