RightIssue
[INNO] Rights Issue on 29-Jan-2016
Announcement Date: 14-Jan-2016
FY: 31-Dec-2016
Amount
1 : 4
- Ex Date29-Jan-2016
- Entitlement Date03-Feb-2016
Description
Renounceable two-call rights issue of up to 96,230,650 new ordinary shares of RM0.50 each in Innoprise Plantations Berhad ("Innoprise") after the Share Split ("Split Share(s)") ("Rights Share(s)") on the basis of one (1) Rights Share for every four (4) Split Shares held as at 5.00 p.m. on 3 February 2016 at an issue price of RM0.50 per Rights Share, of which the First Call of RM0.38 will be payable in cash on application and the Second Call of RM0.12 will be capitalised from Innoprise's share premium and retained earnings account ("Two-Call Rights Issue")
About INNOPRISE PLANTATIONS BERHAD
Innoprise Plantations Bhd is engaged in the business of cultivation of oil palm. The company operates through three segments namely Palm and bio-integration, Timber and Corporate. It?s Palm and bio-integration segment is involved in the cultivation of oil palm, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. The Timber segment includes services related to log extraction. Its Corporate segment consists of corporate services and treasury functions. How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date. On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar: Discussions
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