RightIssue

[ITRONIC] Rights Issue on 22-Dec-2022

Announcement Date: 09-Dec-2022
Related Stock:
ITRONIC
INDUSTRONICS BHD
Share Registrar:
ITRONIC
INDUSTRONICS BHD
Amount

2.0000 : 1.0000

  • Ex Date
    22-Dec-2022
  • Entitlement Date
    23-Dec-2022
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 875,060,548 NEW ORDINARY SHARES IN INDUSTRONICS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 23 DECEMBER 2022 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE, TOGETHER WITH UP TO 656,295,411 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 WARRANTS FOR EVERY 4 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

About INDUSTRONICS BHD
Industronics Bhd is primarily engaged in design and manufacturing of electronic products. It operates through following segment namely Electronics & System integration, Security systems, mechanical & electrical engineering and other production. The firm's presence can be seen in HongKong, Singapore, and Malaysia. Majority of its revenue comes from Other operation.

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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