Rights Issue
MALAYSIAN AIRLINE SYSTEM BERHAD |
EX-date | 27/09/2007 |
Entitlement date | 01/10/2007 |
Entitlement time | 05:00:00 PM |
Entitlement subject | Rights Issue |
Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 417,747,955 NEW ORDINARY SHARES OF RM1.00 EACH IN MALAYSIAN AIRLINE SYSTEM BERHAD (“MAS” OR “COMPANY”) (“SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM2.70 EACH, PAYABLE IN FULL UPON ACCEPTANCE, AND 417,747,955 REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.10 EACH IN MAS (“RCPS”) AT AN ISSUE PRICE OF RM1.00 EACH, PAYABLE IN FULL UPON ACCEPTANCE, ON THE BASIS OF ONE (1) RIGHTS SHARE AND ONE (1) RCPS FOR EVERY THREE (3) EXISTING SHARES HELD AT 5.00 P.M. ON 1 OCTOBER 2007 (“RIGHTS ISSUE”) |
Period of interest payment | to |
Financial Year End | |
Share transfer book & register of members will be | 01/10/2007 to 01/10/2007 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 Tel No.: 03- 2721 2222 Fax No.: 03- 2721 2530 |
Payment date | |
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 01/10/2007 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 27/09/2007 |
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) | 417747955 |
Entitlement indicator | Ratio |
Ratio | 1 : 3 |
Rights Issues/Offer Price | 2.7 |
Remarks : |
The number of new Shares and RCPS to be issued under the Rights Issue are 417,747,955 Rights Shares and 417,747,955 RCPS, respectively. The issue price of the Rights Share is RM2.70 each and the issue price of the RCPS is RM1.00 each. The conversion price of the RCPS is RM4.05. The underwriting agreement for the Rights Issue has been entered into between MAS and CIMB Investment Bank Berhad on 10 September 2007. |
Announcement Info
Company Name | MALAYSIAN AIRLINE SYSTEM BERHAD |
Stock Name | MAS |
Date Announced | 17 Sept 2007 |
Category | Entitlements (Notice of Book Closure) |
Reference No | MM-070917-42552 |