SUNMOW
Rights Issue
SUNMOW HOLDING BERHAD |
Entitlement subject | Rights Issue |
Type | Non-renounceable |
Entitlement description | NON-RENOUNCEABLE RIGHTS ISSUE OF UP TO 15,596,000 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") AT AN ISSUE PRICE OF RM0.50 PER RIGHTS RPS ON THE BASIS OF ONE (1) RIGHTS RPS FOR EVERY FIFTEEN (15) EXISTING ORDINARY SHARES IN SUNMOW ("SUNMOW SHARES OR SHARES") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 5 SEPTEMBER 2024, TOGETHER WITH UP TO 15,596,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS RPS SUBSCRIBED FOR ("RIGHTS ISSUE OF RPS WITH WARRANTS") |
Ex-Date | 04 Sep 2024 |
Entitlement date | 05 Sep 2024 |
Entitlement time | 5:00 PM |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 05 Sep 2024 |
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) |
|
Rights Issue/Offer Price | |
Par Value (if applicable) | |
Despatch Date | |
Date for announcement of final subscription result and basis of allotment of excess Rights Securities | |
Allow Excess Application | No |
Last Date and Time for | |
Acceptance and Payment | 19 Sep 2024 05:00 PM |
Available/Listing Date | 03 Oct 2024 |
Entitlement indicator | Ratio |
Entitlement Details | |
Company Name | SUNMOW HOLDING BERHAD |
Entitlement | Preference Shares |
Ratio (New:Existing) | 1.0000 : 15.0000 |
Rights Issue / Offer Price | Malaysian Ringgit (MYR) 0.5000 |
Fractional Entitlement | Round Down / Fraction Disregard |
Registrar or Service Provider name, address, telephone no |
BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Malaysia Tel:0377843922 Fax:0377841988 |
Remarks : |
The Information Memorandum, together with the rights subscription form (collectively, the "Documents"), are only despatched to Entitled Shareholders whose names appear in our Record of Depositors and who have provided the Share Registrar with a registered address in Malaysia no later than 5.00 p.m. on 5 September 2024. The Warrants attached to the Rights RPS are issued without any cost to the Entitled Shareholders and will be issued only to the Entitled Shareholders who subscribe for the Rights RPS. The Warrants will be immediately detached from the Rights RPS upon allotment and issuance and will be traded separately on the LEAP Market of Bursa Securities, and will be issued in registered form and constituted by the deed poll dated 21 August 2024. Each Warrant will entitle its holder to subscribe for one new Sunmow Share at an exercise price of RM0.60 per Warrant. The Documents are not intended to 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 of RPS with Warrants complies with the laws of any countries or jurisdictions other than Malaysia. The Documents will not be sent to the foreign Entitled Shareholders who do not have a registered address in Malaysia. However, such foreign Entitled Shareholders may collect the Documents from the Share Registrar, in which event the Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents. This announcement is dated 21 August 2024. |
Announcement Info
Company Name | SUNMOW HOLDING BERHAD |
Stock Name | SUNMOW |
Date Announced | 21 Aug 2024 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-11072024-00002 |
Corporate Action ID | MY240711PRIO0001 |