Announcements


Date: 20 October 2017

ASIABIO - Notice of Rights Entitlement (Ratio)

 

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,163,208,800 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT") ("ICPS") AT AN ISSUE PRICE OF RM0.08 PER ICPS TOGETHER WITH UP TO 116,320,880 FREE DETACHABLE WARRANTS IN ABT ("WARRANTS B") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 5 EXISTING ORDINARY SHARES IN ABT HELD BY THE ENTITLED SHAREHOLDERS OF ABT AT 5.00 P.M. ON 2 NOVEMBER 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE OF ICPS WITH WARRANTS").

Kindly be advised of the following :

1)    The above Company's securities will be traded and quoted "Ex-Rights Issue" as from: 31 Oct 2017
2)    The last date of lodgment : 2 Nov 2017
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<2/3>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <2/3>, of the Transacted Price is applicable.

Remarks:- 

The Abridged Prospectus together with the notice of provisional allotment and rights subscription form pursuant to the Rights Issue of ICPS with Warrants (collectively, the "Documents"), will only be despatched to shareholders of ABT whose names appear in ABT's Record of Depositors as at 5.00 p.m. on 2 November 2017 at their registered address in Malaysia or who have provided the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 2 November 2017. The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue of ICPS with Warrants complies with the laws of any country or jurisdiction other than the laws of Malaysia. Entitled Shareholders who are without an address for the service of documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, to effect the change of address by 5.00 p.m. on 2 November 2017. Holders of outstanding warrants 2014/2024 ("Warrants A") ("Warrant A Holders") who wish to be entitled to the ICPS with Warrants should exercise their rights to subscribe for new ABT Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 23 October 2017. This is to enable the new ABT Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of ABT by 5.00 p.m. on 2 November 2017. 

 



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