Rights Issue

NOVA MSC BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement 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")
Ex-Date 25 Feb 2020
Entitlement date 26 Feb 2020
Entitlement time 5:00 PM
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 26 Feb 2020
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)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0100
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
NOVA MSC BERHAD
Entitlement Preference Rights
Ratio (New:Existing) 8.0000  : 3.0000
Rights Crediting Date 26 Feb 2020
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

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:03-7890 4700
Fax:03-7890 4670


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. 

This announcement is dated 12 February 2020.


Announcement Info

Company Name NOVA MSC BERHAD
Stock Name NOVAMSC
Date Announced 12 Feb 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-31012020-00005
Corporate Action ID MY200131RHDI0001