General Announcement

Reference No MI-140505-62720

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

05/05/2014

 
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 517,014,000 OR RM38,776,050 NOMINAL VALUE OF FIVE (5)-YEAR, 1%, IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.075 EACH (“RIGHTS ICULS”) ON THE BASIS OF FOUR (4) RM0.075 NOMINAL VALUE OF RIGHTS ICULS FOR EVERY ONE (1) ORDINARY SHARE OF RM0.40 EACH IN ITCB HELD AT 5.00 P.M. ON 16 MAY 2014 TOGETHER WITH UP TO 64,626,750 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY EIGHT (8) RIGHTS ICULS SUBSCRIBED FOR (“RIGHTS ISSUE OF ICULS WITH WARRANTS”)

IRE-TEX CORPORATION BERHAD

Type

:

Announcement

Subject

:

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description

:

IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF UP TO 517,014,000 OR RM38,776,050 NOMINAL VALUE OF FIVE (5)-YEAR, 1%, IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.075 EACH (“RIGHTS ICULS”) ON THE BASIS OF FOUR (4) RM0.075 NOMINAL VALUE OF RIGHTS ICULS FOR EVERY ONE (1) ORDINARY SHARE OF RM0.40 EACH IN ITCB HELD AT 5.00 P.M. ON 16 MAY 2014 TOGETHER WITH UP TO 64,626,750 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY EIGHT (8) RIGHTS ICULS SUBSCRIBED FOR (“RIGHTS ISSUE OF ICULS WITH WARRANTS”)

Announcement Details/Table Section:


For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Rights Issue of ICULS with Warrants dated 8 January 2014.


We refer to the Company’s announcement dated 8 January 2014 and its previous announcements in relation to the Rights Issue of ICULS with Warrants.

On behalf of the Board, KAF wishes to announce that the Trust Deed constituting the terms and conditions of up to 517,014,000 or RM38,776,050 nominal value of ICULS to be issued pursuant to the Rights Issue of ICULS with Warrants has been duly executed on 2 May 2014.

In addition, the Deed Poll constituting the terms and conditions of up to 64,626,750 Warrants to be issued pursuant to the Rights Issue of ICULS with Warrants has also been duly executed on 2 May 2014.

Copies of the executed Trust Deed and the Deed Poll will be available for inspection at the registered office of ITCB at 35, 1st Floor, Jalan Kelisa Emas 1, Taman Kelisa Emas, 13700 Seberang Jaya, Penang during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 5 May 2014.