RightIssue

[TCS] Rights Issue on 28-May-2024

Announcement Date: 14-May-2024
Related Stock:
TCS
TCS GROUP HOLDINGS BERHAD
Share Registrar:
TCS
TCS GROUP HOLDINGS BERHAD
Amount

2.0000 : 5.0000

  • Ex Date
    28-May-2024
  • Entitlement Date
    29-May-2024
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 171,600,480 NEW ORDINARY SHARES IN TCS GROUP HOLDINGS BERHAD ("TCS") ("TCS SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF TWO RIGHTS SHARES FOR EVERY FIVE EXISTING TCS SHARES HELD BY THE ORDINARY SHAREHOLDERS OF TCS AS AT 5.00 P.M. ON 29 MAY 2024, TOGETHER WITH UP TO 102,960,288 FREE DETACHABLE WARRANTS IN TCS ("WARRANTS B") ON THE BASIS OF THREE WARRANTS B FOR EVERY FIVE RIGHTS SHARES SUBSCRIBED FOR

About TCS GROUP HOLDINGS BERHAD

TCS Group Holdings Bhd is a Malaysia-based investment holding company. The Company, through its subsidiaries, is principally engaged in the provision of construction services for buildings, infrastructure, civil and structural works in Malaysia. Its subsidiaries include TCS Construction Sdn Bhd and TCS Bina Sdn Bhd. The TCS Construction Sdn Bhd offers projects, including terrace houses, shop offices, medium rise buildings and infrastructure works such as water pipelines, service reservoirs, sewerage treatment plants, commercial and institutional buildings. The Company participates in construction projects as main contractor, principal subcontractor and sub-contractor.


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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