MQTECH
Rights Issue
| MQ TECHNOLOGY BERHAD |
| EX-date | 26 Oct 2016 |
| Entitlement date | 28 Oct 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 418,470,537 NEW ORDINARY SHARES OF RM0.10 EACH IN MQ TECHNOLOGY BERHAD ("MQ") ("MQ SHARES") ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING MQ SHARE HELD AS AT 5.00 P.M. ON 28 OCTOBER 2016 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 278,980,358 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF TWO (2) WARRANTS FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES 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 | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A Vertical Business Suite Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel No.: 03-2783 9299 Fax No.: 03-2783 9222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 28 Oct 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 : 1 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.100 |
| Par Value | Malaysian Ringgit (MYR) 0.100 |
| Remarks : |
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the "Documents") relating to the Rights Issue of Shares with Warrants will only be despatched to the shareholders of MQ who have registered addresses in Malaysia and whose names appear in MQ's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders with registered addresses outside Malaysia. Any Entitled Shareholder who wishes to receive the Documents is required to provide MQ's share registrar, Tricor Investor & Issuing House Services Sdn Bhd, with a registered address in Malaysia, in writing, by 5.00 p.m. on the Entitlement Date.
The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been (or will be) taken to ensure that the Rights Issue of Shares with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days after the Entitlement Date.
This announcement is dated 14 October 2016. |
Announcement Info
| Company Name | MQ TECHNOLOGY BERHAD |
| Stock Name | MQTECH |
| Date Announced | 14 Oct 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-29092016-00002 |