NOVA MSC BERHAD
12 Feb 2020
| Entitlement subject | Important Relevant Dates for Renounceable Rights |
| Description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,094,173,136 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (“RIGHTS ICPS”) IN NOVA MSC BERHAD (“NOVAMSC”) AT THE ISSUE PRICE OF RM0.01 PER RIGHTS ICPS ON THE BASIS OF 8 RIGHTS ICPS FOR EVERY 3 EXISTING ORDINARY SHARES IN NOVAMSC HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 26 FEBRUARY 2020 (“RIGHTS ISSUE”) |
| Despatch Date | 28 Feb 2020 |
| Date for commencement of trading of rights | 27 Feb 2020 |
| Date for cessation of trading of rights | 05 Mar 2020 |
| Date for announcement of final subscription result and basis of allotment of excess Rights Securities | 19 Mar 2020 |
| Last date and time for : | |
| Sale of provisional allotment of rights | 04 Mar 2020 05:00 PM |
| Transfer of provisional allotment of rights | 06 Mar 2020 05:00 PM |
| Acceptance and Payment | 12 Mar 2020 05:00 PM |
| Excess share application and payment | 12 Mar 2020 05:00 PM |
| Available/Listing Date | 26 Mar 2020 |
| Rights Securities will be listed and quoted as the existing securities of the same class | No |
| To specify the entitlement that the holders of the Rights Securities will not be entitled to | The new NOVAMSC Shares to be allotted and issued pursuant to the conversion of the Rights ICPS shall not be entitled to any dividends, rights, allotments and/or other distributions in respect of which the entitlement date is prior to the date of allotment of such new NOVAMSC Shares. |
| Other important dates as the listed issuer may deem appropriate | |
| Entitlement Details | |
| Company Name | NOVA MSC BERHAD |
| Entitlement | Preference Shares |
| Ratio (New : Existing) | 8.0000 : 3.0000 |
| Rights Issue / Offer Price | Malaysian Ringgit (MYR) 0.0100 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no | BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
| The Abridged Prospectus together with the Notice of Provisional Allotment and the Rights Subscription Form for the Rights Issue (collectively, the “Documents”) will only be despatched to the shareholders of NOVAMSC whose names appear in the Record of Depositors as at 5.00 p.m. on 26 February 2020 at their registered address in Malaysia or who have provided the Share Registrar with a registered address in Malaysia in writing by 5.00 p.m. on 26 February 2020.The Documents are not intended to be (and will not be) issued, circulated or distributed in any countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure the Rights Issue complies with the laws of any countries or jurisdictions other than the laws of Malaysia.
This announcement is dated 12 February 2020. |
Comments are closed.