News
Rights Issue
Back29 Jan 2014
| EX-date | 12/02/2014 |
| Entitlement date | 14/02/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 166,403,924 NEW ORDINARY SHARES OF RM0.25 EACH IN QL RESOURCES BERHAD ("QL") ("QL SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM1.80 PER QL SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY TEN (10) EXISTING QL SHARES HELD BY OUR SHAREHOLDERS AS AT 5.00 P.M. ON 14 FEBRUARY 2014 ("RIGHTS ISSUE") |
| 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 | Bina Management (M) Sdn Bhd Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Darul Ehsan Tel: 03-7784 3922 Fax: 03-7784 1988 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 14/02/2014 |
| 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) | 166403924 |
| Entitlement indicator | Ratio |
| Ratio | 2 : 10 |
| Rights Issues/Offer Price | 1.8 |
| Remarks : |
| (The terms used herein shall, unless the context otherwise states, bear the same meaning as those defined in the circular to shareholders dated 9 January 2014 in relation to the Bonus Issue, Rights Issue and Exemption) The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form (“Documents”) will be despatched to the Entitled Shareholders who have a registered address in Malaysia and whose name appear on the Record of Depositors of QL at 5.00 p.m. on 14 February 2014. The Entitled Shareholders, who are without a registered address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the Share Registrar to effect the change of address prior to 14 February 2014. 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 and the Documents comply with the laws and jurisdictions of any countries other than Malaysia. This announcement is dated 29 January 2014. |
Announcement Info
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 29 Jan 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-140129-62040 |