RightIssue

[SYF] Rights Issue on 16-May-2023

Announcement Date: 16-May-2023
Related Stock:
SYF
SYF RESOURCES BHD
Share Registrar:
SYF
SYF RESOURCES BHD
Amount

1.0000 : 2.0000

  • Ex Date
    29-May-2023
  • Entitlement Date
    30-May-2023
Description
RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")

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:

Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment