PMETAL
Bonus Issue
| PRESS METAL BERHAD |
|
EX-date | 19/08/2005 |
| Entitlement date | 23/08/2005 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Bonus Issue |
| Entitlement description: | Bonus issue of one (1) new ordinary share of RM0.50 each ("Share") for every two (2) existing Shares held in Press Metal Berhad ("Bonus Issue") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be closed from (both dates inclusive) for the purpose of determining the entitlements | 23/08/2005 to 23/08/2005 |
| Registrar's name ,address, telephone no: | Tenaga Koperat Sdn Bhd 20th Floor, Plaza Permata, Jalan Kampar, Off Jalan Tun Razak, 50400 Kuala Lumpur Tel No: 03-4041 6522 Fax No: 03-4042 6352 |
| Payment date | |
| a) Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23/08/2005 |
| 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 | 1 : 2 |
| Rights Issues/Offer Price | |
| Remarks : |
| The Bonus Issue involves the issue of up to 84,446,851 new ordinary shares of RM0.50 each ("Shares") on the basis of one (1) new Share for every two (2) existing Shares held in Press Metal Berhad ("PMetal") on the Entitlement Date. The actual number of Shares to be issued pursuant to the Bonus Issue will depend on the issued and paid-up share capital of PMetal on the Entitlement Date taking into account any of its existing warrants 1995/2005 and any options granted to its employees under its Employee Share Option Scheme which may be exercised prior to the Entitlement Date of the Bonus Issue. The Shares to be issued pursuant to the Bonus Issue will be entitled to participate in the renounceable two-call rights issue of up to 168,893,702 new Shares ("Rights Shares") in PMetal together with up to 84,446,851 free detachable warrants ("Rights Warrants") at an issue price of RM0.50 per Rights Share with the first call of RM0.25 payable in cash on application and the second call of RM0.25 to be capitalised from the retained profits of PMetal, on the basis of two (2) Rights Shares together with one (1) Rights Warrant for every three (3) existing Shares held in PMetal after the Bonus Issue. This announcement is dated 28 July 2005. |
Announcement Info
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 28 Jul 2005 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | O&-050719-71135 |