Rights Issue

PERUSAHAAN SADUR TIMAH MALAYSIA (PERSTIMA) BHD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description
(I) RENOUNCEABLE RIGHTS ISSUE OF 19,860,944 NEW ORDINARY SHARES IN PERSTIMA ("RIGHTS SHARE(S)") ON THE BASIS OF  ONE (1) RIGHTS SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN PERSTIMA HELD AT 5.00 P.M. ON 14 OCTOBER 2020 AT AN ISSUE PRICE OF RM3.00 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE ("RIGHTS ISSUE"); AND

(II) BONUS ISSUE OF 9,930,472 NEW PERSTIMA SHARES ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED BY THE ENTITLED SHAREHOLDERS OF PERSTIMA AND/OR THEIR RENOUNCEES PURSUANT TO THE RIGHTS ISSUE ("BONUS ISSUE")

(COLLECTIVELY REFERRED TO AS "CORPORATE EXERCISES")
Ex-Date 13 Oct 2020
Entitlement date 14 Oct 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 14 Oct 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 12 Oct 2020
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) 3.0000
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
PERUSAHAAN SADUR TIMAH MALAYSIA (PERSTIMA) BHD
Entitlement Ordinary Rights
Ratio (New:Existing) 1.0000  : 5.0000
Rights Crediting Date 14 Oct 2020
Fractional Entitlement
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 Rights Subscription Form for the Rights Issue (collectively, the "Documents") will be despatched to the shareholders of Perstima whose names appear in the Record of Depositors as at 5.00 p.m. on 14 October 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 14 October 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 29 September 2020.


Announcement Info

Company Name PERUSAHAAN SADUR TIMAH MALAYSIA (PERSTIMA) BHD
Stock Name PERSTIM
Date Announced 29 Sep 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29092020-00005
Corporate Action ID MY200929RHDI0001