RightIssue

[BSLCORP] Rights Issue on 17-Jan-2023

Announcement Date: 17-Jan-2023
Related Stock:
BSLCORP
BSL CORPORATION BERHAD
Share Registrar:
BSLCORP
BSL CORPORATION BERHAD
Amount

12.0000 : 2.0000

  • Ex Date
    07-Feb-2023
  • Entitlement Date
    08-Feb-2023
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,354,494,986 NEW ORDINARY SHARES IN BSL CORPORATION BERHAD ("BSLCORP" OR "COMPANY") ("BSLCORP SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.055 PER RIGHTS SHARE TOGETHER WITH UP TO 981,039,577 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 5 FREE WARRANTS B FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 8 FEBRUARY 2023 ("RIGHTS ISSUE WITH WARRANTS")

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 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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