BORNOIL
Rights Issue
| BORNEO OIL BERHAD |
| EX-date | 13 Oct 2015 |
| Entitlement date | 16 Oct 2015 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of up to 2,373,841,596 new ordinary shares of RM0.10 each in Borneo Oil Berhad ("Bornoil") ("Bornoil Share(s)") ("Rights Share(s)") on the basis of six (6) Rights Shares for every one (1) existing Bornoil Share held, together with up to 1,186,920,798 free detachable warrants in Bornoil ("Warrant(s) C") on the basis of one (1) free Warrant C for every two (2) Rights Shares subscribed for, as at 5.00 p.m. on Friday, 16 October 2015 at an issue price of RM0.10 per Rights Share ("Rights Issue with Warrants") |
| Period of interest payment | to |
| Financial Year End | 31 Jan 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 | LABUAN CORPORATE SERVICES SDN BHD 149A, Jalan Aminuddin Baki Taman Tun Dr Ismail 60000 Kuala Lumpur Tel No: (603) 7729 5529 Fax No: (603) 7728 5948 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 16 Oct 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 | 6 : 1 |
| 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 ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of Bornoil whose names appear on the Record of Depositors as at 5.00 p.m. on Friday, 16 October 2015 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on Friday, 16 October 2015.
The Abridged Prospectus together with the NPA and RSF will not be despatched to the foreign Entitled Shareholders and/ or their renouncee(s) (if applicable) who have not provided an address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on Friday, 16 October 2015.
The aforementioned documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date.
Holders of Warrant 2008/2018 ("Warrant B") of the Company shall qualify for entitlement to the Rights Issue with Warrants PROVIDED that the Warrant B holders lodge their duly executed and completed exercise forms together with the relevant exercise monies with the Share Registrar by 5.00 p.m. on Monday, 5 October 2015.
This announcement is dated 1 October 2015. |
Announcement Info
| Company Name | BORNEO OIL BERHAD |
| Stock Name | BORNOIL |
| Date Announced | 01 Oct 2015 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-29092015-00004 |