NOVAMSC – Notice of Rights Entitlement (Ratio)

NOVA MSC BERHAD
13 Feb 2020

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”)

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “Ex- Right Issue” as from: 25 Feb 2020
2) The last date of lodgment : 26 Feb 2020

3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct<8/11>, of Selling Price against the Selling Client
b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <8/11>, of the Transacted Price is applicable.

 

Remarks:– The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form for the Rights Issue (collectively, the “Documents”) will 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 that the Rights Issue complies with the laws of any countries or jurisdictions other than the laws of Malaysia.