RightIssue

[FITTERS] Rights Issue on 16-Mar-2023

Announcement Date: 01-Mar-2023
Related Stock:
FITTERS
FITTERS DIVERSIFIED BHD
Share Registrar:
FITTERS
FITTERS DIVERSIFIED BHD
Amount

3.0000 : 1.0000

  • Ex Date
    16-Mar-2023
  • Entitlement Date
    17-Mar-2023
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,862,402,877 NEW ORDINARY SHARES IN FITTERS DIVERSIFIED BERHAD ("FITTERS" OR THE "COMPANY") ("FITTERS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.065 PER RIGHTS SHARE TOGETHER WITH UP TO 1,241,601,918 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 17 MARCH 2023 ("RIGHTS ISSUE WITH WARRANTS")

About FITTERS DIVERSIFIED BHD
Fitters Diversified Bhd manufactures and trades safety, firefighting equipment, industrial products, and installs Computerised Fire Alarm Monitoring System. It also provides renewable, alternative and waste-to-energy, and manufactures HYPRO PVC-O pipes. The company?s segments include Fire services; Property development and construction; Renewable and waste-to-energy and green palm oil mill; HYPRO PVC-O pipes manufacturing and distribution and Investment holding and others. It derives most of its revenue from Fire services segment.

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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