Bursa Announcements

Date : 01 November 2002



Entitlement date21/11/2002
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement description:Non-renounceable restricted issue of 14,000,000 Warrants ("Warrants") at no cost to the entitled shareholders of Elba, excluding Winning Fashion Sdn Bhd ("Guarantor") and its related parties namely, Yeoh Chong Teng, Yeoh Han Chye, Yeoh Eng Hoe and Yeoh Eng Chong @ Lye Eng Chong ("Entitled Shareholders"), on the basis of one (1) Warrant for every one (1) existing ordinary share of RM1.00 each held in Elba ("Restricted Warrants Issue").
Period of interest payment to
For year ending/Period ending/ended
Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the entitlements
22/11/2002 to 22/11/2002
Registrar's name ,address, telephone no:Plantation Agencies Sdn. Bhd.
Standard Chartered Bank Chambers
Lebuh Pantai
10300 Penang
Tel No: 04-262 5333
Fax No: 04-262 2018
Payment date
a) Securities transferred into the Depositor's Securities Account before 12:30 pm in respect of ordinary transfers21/11/2002 
b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit20/11/2002 
c) Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE
Number of new shares/securities issued (units) (If applicable)14000000 
Entitlement indicatorRatio
Ratio 1 : 1
Rights Issues/Offer Price

Remarks :
In addition to the above, Elba is also undertaking the following transactions:-

1. Revocation of the Profit Guarantee and Stakeholders’ Agreement dated 24 June 1997 in relation to the flotation of Elba on the Second Board of the Kuala Lumpur Stock Exchange ("KLSE"); and

2. The Guarantor will buy back the Warrants to be allotted to the Entitled Shareholders at an offer price of 59 sen per Warrant during a period of six (6) months beginning from the date which the Warrants are listed on the KLSE after the completion of the Restricted Warrants Issue.

Announcement Info

Stock Name ELBA    
Date Announced1 Nov 2002  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-021028-50592