Others

PRESTAR RESOURCES BERHAD

EX-date 19 Jun 2019
Entitlement date 20 Jun 2019
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description RESTRICTED OFFERING OF 17,449,600 NEW ORDINARY SHARES IN TASHIN HOLDINGS BERHAD ("TASHIN HOLDINGS") ("ISSUE SHARES") TO THE ENTITLED SHAREHOLDERS OF PRESTAR RESOURCES BERHAD ("PRESTAR") IN CONJUNCTION WITH THE LISTING OF TASHIN HOLDINGS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("RESTRICTED OFFERING")
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 entitlement
Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel:03-2084 9000 Fax:03-2094 9940
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 20 Jun 2019
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) 17,449,600
Entitlement indicator Ratio
Ratio 0 : 0
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
17,499,600 Issue Shares are reserved for applications by the entitled shareholders of Prestar (except for the Excluded Shareholders^) whose names appear in the record of depositors of Prestar as at 5:00 p.m. on 20 June 2019 (Entitlement Date) (Entitled Shareholders of Prestar) as follows:

(i) 	each Entitled Shareholder of Prestar who applies for at least 100 Issue Shares is guaranteed an allocation of 100 Issue Shares; 

(ii)	any Issue Shares applied for after the allocation under item (i) above shall be allocated to the Entitled Shareholders of Prestar who apply in excess of 100 Issue Shares on a pro-rata basis according to their respective shareholdings in Prestar as at the Entitlement Date; and

(iii)	any Issue Shares applied for after the allocation under items (i) and (ii) above shall be allocated to the Entitled Shareholders of Prestar on pro-rata basis according to the remaining Issue Shares under application.

In the event there are any balance Issue Shares under the Restricted Offering after the above sequence of allocations are completed, the balance will be allocated in accordance with the processes set out in items (ii) and (iii) above.


Note:

^ Excluded Shareholders are defined as shareholders of Prestar whose names appear in its record of depositors as at 5:00 p.m. on the Entitlement Date who fall into any one of the following categories:

(a) 	persons with a registered address in jurisdictions outside Malaysia;

(b) 	persons located in jurisdictions outside Malaysia in which acceptance under the Proposed Restricted Offering would result in the contravention of the laws of such jurisdictions; or

(c) 	persons who are, in the opinion of the Board of Directors of Tashin Holdings (Board) (on the advice of the legal advisers), necessary or expedient to be excluded from participating in the Restricted Offering by reason of legal or regulatory requirements.


The entitlement of the Entitled Shareholders of Prestar to participate in the Restricted Offering is non-renounceable and non-tradable. Entitled Shareholders of Prestar are not allowed to submit multiple applications for the Issue Shares made available under the Restricted Offering and the Board has the absolute discretion to reject multiple applications.


Announcement Info

Company Name PRESTAR RESOURCES BERHAD
Stock Name PRESTAR
Date Announced 03 Jun 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-14052019-00002