IPOWER - NOTICE OF BONUS ENTITLEMENT
LISTING'S CIRCULAR NO. L/Q : 66062 OF 2012
A) I. Share capital reduction by the cancellation of RM0.09 of the par value of every existing ordinary share of RM0.10 each in I-Power Berhad
("I-Power") and the credit arising therefrom to be offset against the accumulated losses of I-Power ("Share Capital Reduction"); and
II. Consolidation of ten (10) ordinary shares of RM0.01 each into one (1) ordinary share of RM0.10 each in I-Power ("Consolidated Share") after
the Share Capital Reduction ("Share Consolidation").
B) Bonus issue of up to 71,348,410 new consolidated ordinary shares of RM0.10 each in I-Power Berhad ("I-Power") ("Consolidated Shares") to the existing shareholders of I-Power other than Chan Chuck Yan, Anne Kung Soo Ching, Ngu Sing Hieng and Wong Say Khim on the basis of three (3) new Consolidated Shares for every two (2) existing Consolidated Shares held on 28 September 2012 ("Bonus Issue").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 26 September 2012 ]
2) The last date of lodgement : [ 28 September 2012 ]
Remarks :- Please be informed that the trading of the existing I-Power shares and warrants on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on 25 September 2012 (being three (3) clear market days prior to the entitlement date of 28 September 2012) until the quotation of the Consolidated Shares and Bonus Shares on Bursa Securities. Hence, the last time and date of trading of the existing I-Power shares and warrants prior to the suspension will be 5.00 p.m. on 24 September 2012.
|Company Name||I-POWER BERHAD (ACE Market)|
|Date Announced||21 Sept 2012|