Date : 30 August 2010

Rights Issue



Entitlement date15/09/2010
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of up to 48,936,133 new ordinary shares of RM0.50 each in OSK Ventures International Berhad (“OSKVI”) (“Rights Share(s)”) together with up to 97,872,266 new free detachable warrants (“Warrant(s)”) on the basis of one (1) Rights Share and two (2) Warrants for every three (3) existing ordinary shares of RM0.50 each held in OSKVI at 5.00 p.m. on 15 September 2010 at an issue price of RM0.50 per Rights Share payable in full upon acceptance (“Rights issue”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: (603) 7849 0777
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers15/09/2010 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 3
Rights Issues/Offer Price 0.5

Remarks :
The renounceable entitlements to the Rights Share with Warrants must be subscribed by the entitled shareholders whose name appear in the Record of Depositors of OSKVI at 5.00 p.m. on 15 September 2010 (“Entitled Shareholders”) in full or part (subject to the subscription of the Rights Shares with Warrants in an equal proportion), as a package and not to be subscribed separately or disproportionately.

Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares provisionally allotted to them under the Rights Issue with Warrants will simultaneously relinquish their corresponding entitlements to the Rights Shares including their corresponding entitlements to the Warrants.

The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders on 20 September 2010.

This announcement is dated 30 August 2010.

Announcement Info

Stock Name OSKVI    
Date Announced30 Aug 2010  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-100830-39586