MINETEC
Rights Issue
| MINETECH RESOURCES BERHAD |
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 582,664,400 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN MINETECH RESOURCES BERHAD ("MINETECH") ("ICPS") AT AN ISSUE PRICE OF RM0.03 PER ICPS ON THE BASIS OF 1 ICPS FOR EVERY 2 EXISTING MINETECH SHARES HELD ("RIGHTS ISSUE OF ICPS") |
| Ex-Date | 22 Sep 2021 |
| Entitlement date | 23 Sep 2021 |
| 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 | 23 Sep 2021 |
| 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 | Malaysian Ringgit (MYR) 0.0300 |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.0000 |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | MINETECH RESOURCES BERHAD |
| Entitlement | Preference Rights |
| Ratio (New:Existing) | 1.0000 : 2.0000 |
| Rights Crediting Date | 23 Sep 2021 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment relating to the Rights Issue of ICPS (collectively referred to as "Documents") will only be despatched to the shareholders of the Company who have registered addresses in Malaysia and whose names appear in the Company's Record of Depositors as at the Entitlement Date ("Entitled Shareholders"). Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers to effect the change of address by the Entitlement Date.
The Documents are not intended to be (and will not be) issued, circulated or distributed in any countries or jurisdictions other than Malaysia. No action has or will be taken to ensure that the Rights Issue of ICPS and the Documents comply with the laws of any countries or jurisdictions other than the laws of Malaysia.
The Documents will be despatched to the Entitled Shareholders no later than 2 market days after the Entitlement Date.
This announcement is dated 8 September 2021. |
Announcement Info
| Company Name | MINETECH RESOURCES BERHAD |
| Stock Name | MINETEC |
| Date Announced | 08 Sep 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08092021-00008 |
| Corporate Action ID | MY210908RHDI0001 |