RightIssue

[BTM] Rights Issue on 14-Dec-2022

Announcement Date: 30-Nov-2022
Related Stock:
BTM
BTM RESOURCES BHD
Share Registrar:
BTM
BTM RESOURCES BHD
Amount

6.0000 : 1.0000

  • Ex Date
    14-Dec-2022
  • Entitlement Date
    15-Dec-2022
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,183,929,204 NEW ORDINARY SHARES IN BTM RESOURCES BERHAD ("BTM" OR THE "COMPANY") ("BTM SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 394,643,068 FREE DETACHABLE WARRANTS IN BTM ("WARRANTS-C") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 EXISTING BTM SHARE TOGETHER WITH 1 WARRANT-C FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR, AT 5.00 P.M. ON THURSDAY, 15 DECEMBER 2022 ("RIGHTS ISSUE WITH WARRANTS-C")

About BTM RESOURCES BHD
BTM Resources Bhd is a Malaysian investment holding company. The principal activities of the company consist of investment holding and the provision of management services. The business activities of the company comprise logging, sawmilling, trading in sawn timbers, plywood and logs, timber molding and manufacturing of finger-jointed timber and lamination boards, and letting of plant and machinery. The company generates the majority of its revenue from Malaysia.

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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