LOTUS

Rights Issue

LOTUS KFM BERHAD

EX-date 29 Oct 2019
Entitlement date 30 Oct 2019
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 477,595,420 NEW ORDINARY SHARES IN LOTUS KFM BERHAD (FORMERLY KNOWN AS KUANTAN FLOUR MILLS BERHAD) ("KFM") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ON THE BASIS OF FIVE (5) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN KFM HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 30 OCTOBER 2019 TOGETHER WITH 238,797,710 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
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 SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490Kuala Lumpur Tel:0320849000 Fax:0320949940
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 30 Oct 2019
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 5 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The Abridged Prospectus together with the Notice of Provisional Allotment and the Rights Subscription Form for the Rights Issue (collectively referred to as the "Documents"), will be despatched to the shareholders of KFM whose names appear in the Record of Depositors and Register of Members (in respect of the Placement Investor only) at 5.00 p.m. on 30 October 2019 at their registered address in Malaysia or who have provided the Share Registrar with a registered address in Malaysia in writing by 5.00 p.m. on 30 October 2019. The Documents are not intended to be (and will not be) issued, circulated or distributed in any countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue complies with the laws of any countries or jurisdictions other than the laws of Malaysia.


This announcement is dated 11 October 2019.


Announcement Info

Company Name LOTUS KFM BERHAD
Stock Name KFM
Date Announced 11 Oct 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-10102019-00008


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