Mycron Steel Berhad | A pioneer in Cold Rolled Coils (CRC) and Steel Pipes


MYCRON - Notice of Rights Entitlement (Ratio)

Date Published : 2018-12-12

Renounceable rights issue of up to 56,709,091 new ordinary shares in Mycron Steel Berhad ("Mycron Shares") ("Rights Share(s)") on the basis of one (1) Rights Share for every five (5) Mycron Shares to be held at 5.00 p.m. on 31 December 2018 at an issue price of RM0.30 per Rights Share, together with up to 28,354,546 free detachable warrants ("Warrant(s)") on the basis of one (1) Warrant for every two (2) Rights Shares subscribed

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted "Ex-Rights Issue" as from: 27 Dec 2018
2) The last date of lodgment : 31 Dec 2018
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
   a) Selling Broker to deduct<1/6>, of Selling Price against the Selling Client
   b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
   c) Between Broker and Broker, the deduction of <1/6>, of the Transacted Price is applicable.

Remarks :
The abridged prospectus, together with the notice of provisional allotment and the rights subscription form (collectively referred to as the "Documents") relating to the Rights Issue with Warrants will only be despatched to the shareholders of Mycron who have registered addresses in Malaysia and whose names appear in Mycron's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders with registered addresses outside Malaysia. However, the Entitled Shareholders who wish to receive the Documents have to provide the share registrar of Mycron, Trace Management Services Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia. The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.