Important Relevant Dates for Renounceable Rights
| Submitting Merchant Bank: | OSK INVESTMENT BANK BERHAD |
| Company Name: | HEVEABOARD BERHAD |
| Stock Name: | HEVEA |
| Date Announced: | 18/01/2010 |
| Title / Description: |
Renounceable rights issue of up to 42,666,667 new warrants in HeveaBoard Berhad ("HeveaBoard" or the "Company") ("New Hevea Warrants") to all the shareholders of HeveaBoard on the basis of one (1) New Hevea Warrant for every three (3) existing ordinary shares of RM1.00 each held in HeveaBoard ("Hevea Shares" or "Shares") as at 5.00 p.m. on 2 February 2010 ("Entitlement Date") ("Rights Issue"); and
Restricted issue of up to 12,533,333 New Hevea Warrants to the holders of the unexercised 2004/2009 Warrants on 31 December 2009, being the expiry date of the 2004/2009 Warrants ("Expiry Date") on the basis of one (1) New Hevea Warrant for every three (3) unexercised 2004/2009 Warrants held on the Expiry Date ("Restricted Issue")
(collectively known as the "Corporate Exercises")
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Despatch Date:
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04/02/2010 |
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Date for commencement of trading of the rights:
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03/02/2010 |
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Date for despatch of abridged prospectus and subscription forms:
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04/02/2010 |
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Date for cessation of trading of the rights:
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10/02/2010 |
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Date for announcement of final subscription result and basis of allotment of excess Rights Securities:
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25/02/2010 |
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Listing date of the Rights Securities:
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08/03/2010 |
| Last date and time for | Date | Time |
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Sale of provisional allotment of rights
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09/02/2010 | 5:00pm |
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Transfer of provisional allotment of rights
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12/02/2010 | 5:00pm |
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Acceptance and payment
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19/02/2010 | 5:00pm |
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Excess share application and payment
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19/02/2010 | 5:00pm |
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):
The New Hevea Warrants to be issued under the Restricted Issue are intended to replace the existing 2004/2009 Warrants which expired on 31 December 2009, being the Expiry Date.
The holder of New Hevea Warrants is not entitled to any voting right or participation in any forms of distribution and/or offer of further securities in HeveaBoard until and unless such holders of New Hevea Warrants exercise their New Hevea Warrants for new Hevea Shares. The new Hevea Shares to be issued arising from the exercise of the New Hevea Warrants shall, upon allotment and issue, rank pari passu in all respects with the existing Hevea Shares, save and except that such Shares will not be entitled to any dividend, right, allotment and/or other forms of distribution where the entitlement date precedes the relevant date of allotment and issuance of such Shares.
Other important dates as the listed issuer may deem appropriate:
The New Hevea Warrants to be issued under the Restricted Issue will be based on the Record of Depositors (2004/2009 Warrants) as at 31 December 2009, being the Expiry Date.
Remarks
The expressions applied in this announcement shall have the same meaning ascribed to them as set out in the announcements dated 2 October 2009 and 1 December 2009 in relation to the Corporate Exercises.
The last date and time for acceptance and payment as well as excess share application and payment are as above, or such other later date and time as the Board may decide and announce not less than two (2) market days prior to the stipulated date and time.
This announcement is dated 18 January 2010.
