PMETAL
Rights Issue
| PRESS METAL BERHAD |
|
EX-date | 27/07/2011 |
| Entitlement date | 29/07/2011 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO RM323,735,042 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“RCSLS”) AT 100% OF ITS NOMINAL VALUE TOGETHER WITH UP TO 147,152,292 FREE DETACHABLE NEW WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RM2.20 NOMINAL VALUE OF RCSLS TOGETHER WITH ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN PRESS METAL BERHAD (“PMB”) AS AT 5.00 P.M. ON 29 JULY 2011 (“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 entitlements |
| Registrar's name ,address, telephone no | Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel: +603-2264 3883 Fax: +603-2282 1886 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 29/07/2011 |
| 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 : 3 |
| Rights Issues/Offer Price | 2.2 |
| Remarks : |
| The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form (collectively “Documents”), will only be despatched to the shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 29 July 2011 (“Entitled Shareholders”) at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 29 July 2011. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date. This announcement is dated 15 July 2011. |
Announcement Info
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 15 Jul 2011 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-110715-60760 |