PMETAL-WC

Others

PRESS METAL BERHAD

EX-date 21 Jun 2017
Entitlement date 23 Jun 2017
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description ENTITLEMENT DATE FOR THE EXCHANGE OF ALL LISTED SECURITIES OF PRESS METAL BERHAD ("PMB" OR "COMPANY") WHICH ARE IN EXISTENCE ON THE ENTITLEMENT DATE ("PMB SECURITIES") WITH NEW SECURITIES IN A NEW INVESTMENT HOLDING COMPANY, PRESS METAL ALUMINIUM HOLDINGS BERHAD ("NEWCO") ("NEWCO SECURITIES"), VIA A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ON THE BASIS OF ONE (1) NEWCO SECURITY FOR EVERY ONE (1) EXISTING PMB SECURITY HELD ("SECURITIES EXCHANGE")
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 TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel: 0327839299 Fax: 0327839222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 23 Jun 2017
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 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The shareholders of PMB and holders of PMB warrants whose names appear on the respective Record of Depositors of PMB at 5.00 p.m. on Friday, 23 June 2017 ("Entitlement Date"), shall be entitled to participate in the Securities Exchange. 

In order to facilitate the Securities Exchange, the trading of PMB Securities on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended from 9.00 a.m. on Monday, 19 June 2017, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day of trading of PMB Securities on the Main Market of Bursa Securities shall be at 5.00 p.m. on Friday, 16 June 2017. The suspension of trading of PMB Securities will continue until the admission of Newco to the Official List of Bursa Securities and the listing of and quotation for the Newco Securities to be issued under the Securities Exchange on the Main Market of Bursa Securities. 

Last date and time for exercise of the PMB warrants to be entitled to the new ordinary shares of Newco ("Newco Shares") will be at 5.00 p.m., Tuesday, 13 June 2017. If a holder of PMB warrants exercises any of its PMB warrants not less than eight (8) market days before the Entitlement Date (i.e., latest by 5.00 p.m. on Tuesday, 13 June 2017) in accordance with the terms of the deed poll dated 20 July 2011 as supplemented by the supplemental deed poll dated 23 October 2014, constituting the PMB warrants ("Deed Poll"), new ordinary shares of PMB ("PMB Shares") will be issued and allotted to the exercising holder of PMB warrants in accordance with the terms of the Deed Poll and on the Entitlement Date, each holder of the new PMB Shares so issued and allotted shall be an entitled shareholder for the purpose of the Securities Exchange. 

The existing PMB warrants which are not exercised by 5.00 p.m. on Tuesday, 13 June 2017 will be exchanged with the new warrants in Newco ("Newco Warrants"). Holders of Newco Warrants may exercise their Newco Warrants commencing from the date of listing of the Newco Warrants up to 22 August 2019, being the expiry date of the Newco Warrants.

A notice to the shareholders of PMB and holders of PMB warrants in relation to the Entitlement Date for the Securities Exchange will be despatched on 5 June 2017.     

This announcement is dated 2 June 2017.


Announcement Info

Company Name PRESS METAL BERHAD
Stock Name PMETAL-WC
Date Announced 02 Jun 2017
Category Entitlement(Notice of Book Closure)
Reference Number ENT-02062017-00002


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