AVALAND
Offer for Sale
| GW PLASTICS HOLDINGS BERHAD |
|
EX-date | 09/03/2015 |
| Entitlement date | 11/03/2015 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Offer for Sale |
| Entitlement description | Restricted offer for sale by Tan Sri Dato’ Sri Goh Ming Choon and Dato’ Sri Tong Seech Wi (collectively, the “Vendors”) of the Vendors’ rights of allotment to up to 7,500,000 ordinary shares of RM1.00 each in GW Plastics Holdings Berhad (“GW Plastics”) after the completion of the consolidation exercise of GW Plastics (“Shareholder Offer Shares”) to the existing shareholders of GW Plastics as at 5.00 pm on 11 March 2015, on such basis of entitlement determined by the board of directors of GW Plastics and the Vendors, at an offer price of RM1.30 per Shareholder Offer Share (“Offer Price”) payable in full upon application and subject to refund of the difference between the Offer Price and the final offer price in the event that the final offer price is less than the Offer Price. |
| 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 entitlements |
| Registrar's name ,address, telephone no | Tricor Investor & Issuing House Services Sdn Bhd (formerly known as Equiniti Services Sdn Bhd) Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel. No.: (603) 22643883 Fax. No.: (603) 22821886 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 11/03/2015 |
| 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 | 0 : 0 |
| Rights Issues/Offer Price | 1.3 |
| Remarks : |
| Unless otherwise stated, definitions used in this announcement shall carry the same meaning as those defined in the circular to shareholders dated 22 December 2014 (“Circular”). The basis of allocation of the Shareholder Offer Shares under the Proposed Vendors’ Restricted Offer for Sale to Shareholders as set by the Board and the Vendors has been announced by the Company on 15 February 2015. The rights of allotment to the Shareholder Offer Shares shall be non-renounceable by the Entitled Shareholders in favour of third parties. The Shareholder Offer Shares shall be provisionally allotted to the shareholders of GW Plastics whose names appear in the Record of Depositors of GW Plastics as at 5.00 p.m. on 11 March 2015. The last date and time for acceptance and payment for the provisional Shareholder Offer Shares may be extended by the Board and the Vendors and announced by the Board not less than two Market Days before the stipulated date and time. As stated in Section 7 of the Circular, the Prospectus which will be issued in connection with the (i) Proposed Renunciation of Shares, (ii) Proposed Additional Renunciation of Shares and (iii) Proposed Vendors’ Restricted Offer for Sale to Shareholders (collectively, the “Vendors’ Proposals”) together with its accompanying documents, have not and will not be made to comply with the laws of any jurisdiction other than Malaysia, and have not and will not be registered under any securities legislation of any jurisdiction other than Malaysia or with or by any regulatory authorities or other relevant bodies of any jurisdiction other than Malaysia, and the Vendors’ Proposals will not be made for subscription in any country other than Malaysia. Accordingly, the Prospectus and the relevant documents relating to the Vendors’ Proposals will only be sent to the Entitled Shareholders who have a registered address or an address for service in Malaysia as registered in our Record of Depositors on the Entitlement Date and will not be sent to Foreign-Addressed Shareholders as at the Entitlement Date. Foreign-Addressed Shareholders who wish to provide its/his/her Malaysian addresses should inform their respective stockbrokers as well as our share registrar at Tricor Investor & Issuing House Services Sdn Bhd (formerly known as Equiniti Services Sdn Bhd) at Level 17, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur to effect the change of address by 9 March 2015. This announcement is dated 25 February 2015. |
Announcement Info
| Company Name | GW PLASTICS HOLDINGS BERHAD |
| Stock Name | GWPLAST |
| Date Announced | 25 Feb 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-150225-56476 |