Important Relevant Dates for Renounceable Rights

Reference No MI-140430-49646

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

30/04/2014

 
Important Relevant Dates for Renounceable Rights

IRE-TEX CORPORATION BERHAD

Title/Description

:

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 Ire-Tex Corporation Berhad (“ITCB”) (“ITCB Share”) held at 5.00 p.m. on 16 May 2014 together with up to 64,626,750 free warrants (“Warrants”) on the basis of one (1) Warrant for every eight (8) Rights ICULS subscribed for

 

Dispatched Date

:

20/05/2014

 

Date for commencement of trading of the rights

:

19/05/2014

Date for dispatch of abridged prospectus and subscription forms

:

20/05/2014

 

Date for cessation of trading of the rights

:

26/05/2014

Date for announcement of final subsricption result and basis of allotment of excess Rughts Securities

:

06/06/2014

Listing date of the Rights Securities  : 16/06/2014

Number of new shared/securities issued (units) (If applicable)

:

 
Entitlement Indicator  : Ratio
Ratio  : 4:1
 
Right Issues/Offer Price  : 0.075
Last date and time for Date Time
Sale of provisional allotment of rights 23/05/2014
at
05:00:00 PM
Transfer of provisional allotment of rights 28/05/2014
at
04:00:00 PM
Acceptance and payment 02/06/2014
at
05:00:00 PM
Excess share application and payment 02/06/2014
at
05:00:00 PM


Rights Securities will be listed and quoted as the existing securities of the same class:
No

To specify the entitlement that the holders of the Rights Securities will not be entitled to (if No):

There are no existing securities of the same class which are listed.

The new ITCB Shares to be issued arising from the conversion of the ICULS and the exercise of the Warrants shall, upon allotment and issue, rank pari passu in all respects with the then existing ITCB Shares, save and except that such new ITCB Shares shall not be entitled to any dividends, rights, allotments and/or any other forms of distribution which may be declared, made or paid, the entitlement date of which is prior to the date of allotment of such new ITCB Shares.

 

Other important dates as the listed issuer may deem appropriate:

Remarks :

The last date and time for acceptance and payment as well as the last date and time for excess application and payment are at 5.00 p.m. on 2 June 2014 or such later date and time as the Board of Directors of ITCB may decide and announce not less than two (2) market days before the stipulated date and time.

This announcement is dated 30 April 2014.