XOXTECH
Rights Issue
| M3 TECHNOLOGIES (ASIA) BERHAD |
| EX-date | 11 Jul 2016 |
| Entitlement date | 13 Jul 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 394,640,880 new ordinary shares of RM0.10 each in M3Tech ("M3Tech Shares") ("Rights Shares") together with up to 295,980,660 free detachable warrants ("Warrants") at an issue price of RM0.10 per Rights Share on the basis of four (4) Rights Shares together with three (3) Warrants for every two (2) existing M3Tech Shares held at 5.00 p.m. on 13 July 2016, based on a minimum subscription level of 80,000,000 Rights Shares together with 60,000,000 Warrants ("Rights Issue with Warrants") |
| 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 | SECURITIES SERVICES (HOLDINGS) SDN. BHD. (PENANG) Suite 18.05, MWE Plaza No. 8 Lebuh Farquhar 10200 Penang Tel No: +604-263 1966 Fax No: +604-262 8544 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 13 Jul 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 | 4 : 2 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.100 |
| Par Value | Malaysian Ringgit (MYR) 0.100 |
| Remarks : |
The Abridged Prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form (collectively referred to as the "Documents") in relation to the Rights Issue with Warrants will only be despatched to the shareholders of M3Tech whose names appear on the Record of Depositors at 5.00 p.m. on 13 July 2016 ("Entitled Shareholders").
The Documents will only be sent to the Entitled Shareholders who have a registered address or an address for service in Malaysia. Entitled Shareholders who do not have a registered address or an address for service in Malaysia and who wish to change their address to Malaysia should inform their respective stockbrokers as well as the Share Registrar of M3Tech to effect the change of address. Such notification should be done by 5.00 p.m. on 13 July 2016.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date.
This announcement is dated 23 June 2016. |
Announcement Info
| Company Name | M3 TECHNOLOGIES (ASIA) BERHAD |
| Stock Name | M3TECH |
| Date Announced | 23 Jun 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-20062016-00001 |