PDF Submission

Reference No MI-140306-35519

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

06/03/2014

 
Circular/Notice to Shareholders

IRE-TEX CORPORATION BERHAD

 

Subject

:

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:-

(I) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN IRE-TEX CORPORATION BERHAD (“ITCB”) (“EXISTING SHARE(S)”) INTO TWO AND A HALF (2.5) ORDINARY SHARES OF RM0.40 EACH IN ITCB (“RESULTANT SHARES” OR “ITCB SHARES”) ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED SHARE SPLIT”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF ITCB FROM RM50,000,000 COMPRISING 50,000,000 EXISTING SHARES TO RM500,000,000 COMPRISING 1,250,000,000 RESULTANT SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”);

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF ITCB TO FACILITATE THE PROPOSED SHARE SPLIT AND THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

(IV) PROPOSED 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) ITCB SHARE HELD BY THE ENTITLED SHAREHOLDERS OF ITCB AFTER THE PROPOSED SHARE SPLIT, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER 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

 
Attachments                                                       : ITCB - Proposals