RightIssue

[HUBLINE] Rights Issue on 19-Nov-2018

Announcement Date: 07-Nov-2018
Related Stock:
HUBLINE
HUBLINE BHD
Share Registrar:
HUBLINE
HUBLINE BHD
Amount

3 : 5

  • Ex Date
    19-Nov-2018
  • Entitlement Date
    22-Nov-2018
Description
Renounceable rights issue of up to 1,417,256,368 new ordinary each in Hubline Berhad ("Hubline") ("Rights Share(s)") on the basis of 3 Rights Shares for every 5 ordinary shares held in Hubline ("Hubline Share(s)"), together with up to 944,837,579 free detachable new warrants ("Warrant(s) C") on the basis of 2 Warrants C for every 3 Rights Shares subscribed for as at 5.00 p.m. on Thursday, 22 November 2018 at an issue price of RM0.037 per Rights Share ("Rights Issue with Warrants")

About HUBLINE BHD
Hubline Bhd is a Malaysia-based investment holding company engaged in the provision of management services. It is engaged in the dry bulk shipping business and provides barge logistics services for dry bulk cargo. The company operates a fleet of tugs and barges that are used to provide barge logistics services throughout the South East Asian region. The principal ports of loading and discharging frequented by the fleet include Bengkulu, Padang, Pekan Baru, Jambi, Tanjung Priok, Ciganding, and Cirebon in Indonesia; Manila and Cebu.

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:

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Rights Issue
Type RightIssue
Description Renounceable rights issue of up to 1,417,256,368 new ordinary each in Hubline Berhad ("Hubline") ("Rights Share(s)") on the basis of 3 Rights Shares for every 5 ordinary shares held in Hubline ("Hubline Share(s)"), together with up to 944,837,579 free detachable new warrants ("Warrant(s) C") on the basis of 2 Warrants C for every 3 Rights Shares subscribed for as at 5.00 p.m. on Thursday, 22 November 2018 at an issue price of RM0.037 per Rights Share ("Rights Issue with Warrants")
Amount 3 : 5

2018-11-07 22:59

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