DNEX
Rights Issue
| DAGANG NEXCHANGE BERHAD |
| EX-date | 28 Jun 2016 |
| Entitlement date | 30 Jun 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 465,146,809 NEW ORDINARY SHARES OF RM0.20 EACH IN DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") ("SHARE(S)" OR "DNeX SHARE(S)") ("RIGHTS SHARE(S)") TOGETHER WITH 465,146,809 NEW FREE DETACHABLE WARRANTS ("WARRANT(S)") AT AN ISSUE PRICE OF RM0.21 PER RIGHTS SHARE ON THE BASIS OF THREE (3) RIGHTS SHARES TOGETHER WITH THREE (3) WARRANTS FOR EVERY FIVE (5) EXISTING DNeX SHARES HELD AS AT 5.00 P.M. ON 30 JUNE 2016 |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2016 |
| 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 | MEGA CORPORATE SERVICES SDN BHD Level 15-2, Bangunan Faber Imperial Court Jalan Sultan Ismail 50250 Kuala Lumpur Tel:03 26924271 Fax:03 27325388 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 30 Jun 2016 |
| 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 | 3 : 5 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.210 |
| Par Value | Malaysian Ringgit (MYR) 0.200 |
| Remarks : |
The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, the "Documents"), are only despatched to DNeX's shareholders whose names appear in DNeX's Record of Depositors as at 5.00 p.m. on 30 June 2016 ("Entitled Shareholders") who have a registered address in Malaysia or who have provided DNeX's share registrar, Mega Corporate Services Sdn Bhd, with a registered address in Malaysia in writing on or before 5.00 p.m. on 30 June 2016.
Entitled Shareholders who are without an address for the service of the Documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address prior to the Entitlement Date.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.
The last date and time for acceptance, excess application and payment for the Rights Shares is 20 July 2016 at 5.00 p.m. or such later date and time as the Board of Directors of DNeX may determine and announce not less than two (2) market days before the stipulated date and time.
This announcement is dated 15 June 2016. |
Announcement Info
| Company Name | DAGANG NEXCHANGE BERHAD |
| Stock Name | DNEX |
| Date Announced | 15 Jun 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-15062016-00003 |