Bonus Issue

[ALAM] Bonus Issue on 20-Mar-2019

Announcement Date: 08-Mar-2019
Related Stock:
ALAM
ALAM MARITIM RESOURCES BHD
Share Registrar:
ALAM
ALAM MARITIM RESOURCES BHD
FY: 31-Dec-2019
Amount

1 : 2

  • Ex Date
    20-Mar-2019
  • Entitlement Date
    22-Mar-2019
Description
BONUS ISSUE OF UP TO 462,230,460 WARRANTS IN AMRB ("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN AMRB ("AMRB SHARES") HELD ON 22 MARCH 2019 ("BONUS ISSUE OF WARRANTS")

About ALAM MARITIM RESOURCES BHD
Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates through two business segments: Offshore support vessels and services, and Subsea services. Its Offshore support vessels and services segment is engaged in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.

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
Be the first to like this. Showing 4 of 4 comments

tuapuikia

will this be more impact on the price ?

2019-03-10 01:33

jaynetan

Understand the loan from acpam

2019-03-10 01:51

catchcon

forget it, dead company lah.

2019-03-10 08:41

jaynetan

Whats wrong bought 9.5 sen to 10.5 sen earlier?
Forget our motive of buying shares?
Dont even read its Proposal, just jugde by listening to others n made comment?

2019-03-10 09:23

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