WCEHB
Rights Issue
| WCE HOLDINGS BERHAD |
| EX-date | 23 Oct 2019 |
| Entitlement date | 24 Oct 2019 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | Renounceable rights issue of 2,005,471,176 new redeemable convertible preference shares in WCE Holdings Berhad ("WCEHB") ("RCPS") at an issue price of RM0.24 per RCPS, together with 501,367,794 free detachable warrants ("Warrants"), on the basis of two (2) RCPS for every one (1) existing ordinary share in WCEHB held by the entitled shareholders as at 5:00 p.m. on 24 October 2019 and one (1) Warrant for every four (4) RCPS subscribed for ("Rights Issue of RCPS") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 2019 |
| 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 | METRA MANAGEMENT SDN BHD 35th Floor, Menara Multi-Purpose Capital Square No. 8, Jalan Munshi Abdullah 50100 Kuala Lumpur Tel: +603 2698 3232 Fax: +603 2698 0313 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 24 Oct 2019 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 22 Oct 2019 |
| 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 | 2 : 1 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.240 |
| Par Value (if applicable) | |
| Remarks : |
The Abridged Prospectus together with the notice of provisional allotment and the rights subscription form in relation to the Rights Issue of RCPS (collectively, the "Documents") will be despatched to the shareholders of WCEHB whose names appear in the Record of Depositors of WCEHB at 5:00 p.m. on 24 October 2019 ("Entitlement Date") at their registered address in Malaysia or who have provided the share registrar with a registered address in Malaysia in writing by the Entitlement Date.
The Documents are not intended to be and should not be issued, circulated or distributed in any country or jurisdiction other than Malaysia. No action has been or will be taken to ensure that either the Rights Issue of RCPS or the Documents comply with the laws of any country or jurisdiction other than the laws of Malaysia.
This Announcement is dated 10 October 2019. |
Announcement Info
| Company Name | WCE HOLDINGS BERHAD |
| Stock Name | WCEHB |
| Date Announced | 10 Oct 2019 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-10102019-00007 |