Rights Issue
| KENCANA PETROLEUM BERHAD |
|
EX-date | 06/01/2010 |
| Entitlement date | 08/01/2010 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 364,918,920 NEW ORDINARY SHARES OF RM0.10 EACH IN KENCANA PETROLEUM BERHAD (“KENCANA PETROLEUM” OR THE “COMPANY”) (“RIGHTS SHARE(S)”), AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN THE COMPANY (“SHARES”) AS AT 5.00 P.M. ON 8 JANUARY 2010 |
| 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 no | Symphony Share Registrars Sdn Bhd Level 26, Menara Multi-Purpose Capital Square No. 8, Jalan Munshi Abdullah 50100 Kuala Lumpur, Malaysia. Tel: 03-2721 2222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08/01/2010 |
| 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 indicator | Ratio |
| Ratio | 2 : 5 |
| Rights Issues/Offer Price | 0.5 |
| Remarks : |
| Based on the issued and paid-up share capital as at 15 December 2009 of RM90,951,130 comprising 909,511,300 Shares and assuming full exercise of 2,786,000 ESOS, the Rights Issue will now entail the issuance of up to 364,918,920 Rights Shares as compared to 369,066,200 Rights Shares as approved by the shareholders of the Company. This is in view that 10,368,200 ESOS are excluded in the computation of the maximum number of Rights Shares to be issued as it will not be granted or deemed not exercised by the employees of Kencana Petroleum by the entitlement date. Please note that the entitled shareholders, renouncee(s) and/or underwriter(s) (as the case maybe) subscribing to the Rights Shares shall also be entitled to the bonus issue of up to 383,164,866 new Shares ("Bonus Shares") in the Company on the basis of three (3) Bonus Shares for every ten (10) existing Shares (inclusive of the Rights Shares to be issued pursuant to the Rights Issue) ("Bonus Issue"). The date of listing of the Rights Shares and Bonus Shares to be issued pursuant to the Rights Issue and Bonus Issue on the Main Market of Bursa Securities will be on the 8 February 2010. The Notice of Allotment will be despatched on 5 February 2010. The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form will be despatched to the entitled shareholder of Kencana Petroleum not later than two (2) market days from the entitlement date. |
Announcement Info
| Company Name | KENCANA PETROLEUM BERHAD |
| Stock Name | KENCANA |
| Date Announced | 23 Dec 2009 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MB-091222-71082 |