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PERDANA PETROLEUM BERHAD
EX-date05 Dec 2019Entitlement date06 Dec 2019Entitlement time05:00 PMEntitlement subjectRights IssueEntitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 1,556,941,898 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") IN PERDANA PETROLEUM BERHAD ("PPB") ON THE BASIS OF 2 RCPS FOR EVERY 1 EXISTING ORDINARY SHARE IN PPB HELD AS AT 5.00 P.M. ON FRIDAY, 6 DECEMBER 2019 AT AN ISSUE PRICE OF RM0.325 PER RCPS ("RIGHTS ISSUE OF RCPS")
You cant buy RCPS shares. It's only available for selected people. In this case, they are giving it to Dayang's shareholders as they are clearing Perdana's debts.