M3TECH - Notice of Rights Entitlement (Ratio)

M3 TECHNOLOGIES (ASIA) BERHAD

Renounceable rights issue of up to 394,640,880 new ordinary shares of RM0.10 each in M3Tech ("M3Tech Shares") ("Rights Shares") together with up to 295,980,660 free detachable warrants ("Warrants") at an issue price of RM0.10 per Rights Share on the basis of four (4) Rights Shares together with three (3) Warrants for every two (2) existing M3Tech Shares held at 5.00 p.m. on 13 July 2016, based on a minimum subscription level of 80,000,000 Rights Shares together with 60,000,000 Warrants ("Rights Issue with Warrants").

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 11 Jul 2016
2)    The last date of lodgment : 13 Jul 2016
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<2/3>, 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 <2/3>, of the Transacted Price is applicable.

Remarks : The Abridged Prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form (collectively referred to as the "Documents") in relation to the Rights Issue with Warrants will only be despatched to the shareholders of M3Tech whose names appear on the Record of Depositors at 5.00 p.m. on 13 July 2016 ("Entitled Shareholders"). The Documents will only be sent to the Entitled Shareholders who have a registered address or an address for service in Malaysia. Entitled Shareholders who do not have a registered address or an address for service in Malaysia and who wish to change their address to Malaysia should inform their respective stockbrokers as well as the Share Registrar of M3Tech to effect the change of address. Such notification should be done by 5.00 p.m. on 13 July 2016. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date. This announcement is dated 23 June 2016.

 


Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 24 Jun 2016
Category Listing Circular
Reference Number ILC-24062016-00003