RightIssue

[INNO] Rights Issue on 12-Apr-2010

Announcement Date: 31-Mar-2010
Related Stock:
INNO
INNOPRISE PLANTATIONS BERHAD
Share Registrar:
INNO
INNOPRISE PLANTATIONS BERHAD
Amount

3 : 1

  • Ex Date
    12-Apr-2010
  • Entitlement Date
    14-Apr-2010
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 168,750,000 NEW ORDINARY SHARES OF RM1.00 EACH IN INNOPRISE PLANTATIONS BERHAD (“IPB”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, PAYABLE IN FULL UPON ACCEPTANCE, ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN IPB HELD AFTER THE CAPITAL RECONSTRUCTION AT 5.00 P.M. ON 14 APRIL 2010

About INNOPRISE PLANTATIONS BERHAD
Innoprise Plantations Bhd is engaged in the business of cultivation of oil palm. The company operates through three segments namely Palm and bio-integration, Timber and Corporate. It?s Palm and bio-integration segment is involved in the cultivation of oil palm, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. The Timber segment includes services related to log extraction. Its Corporate segment consists of corporate services and treasury functions.

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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