RightIssue

[HUMEIND] Rights Issue on 26-Apr-2019

Announcement Date: 16-Apr-2019
Related Stock:
HUMEIND
HUME CEMENT INDUSTRIES BERHAD
Share Registrar:
HUMEIND
HUME CEMENT INDUSTRIES BERHAD
Amount

36 : 100

  • Ex Date
    26-Apr-2019
  • Entitlement Date
    30-Apr-2019
Description
Renounceable rights issue of up to RM172,473,768 nominal value of 5-year 5.0% redeemable convertible unsecured loan stocks ("Rights RCULS") at 100.0% of its nominal value of RM1.00 on the basis of 36 Rights RCULS for every 100 existing ordinary shares held in Hume Industries Berhad ("HIB") ("Rights Issue of RCULS")

About HUME CEMENT INDUSTRIES BERHAD
Hume Industries Bhd through its subsidiaries is engaged in the manufacture and sale of cement and cement related products and concrete products and concrete related products. In addition, it also designs, manufactures and supplies furniture and engaged in interior design fit-out works. The business of the group is primarily functioned through United States of America, Malaysia, Europe and other countries of which Malaysia accounts for a larger share of revenue.

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:

Discussions
Be the first to like this. Showing 1 of 1 comments

limchubeng

the rights ex on 26 Apr. Trading if any, will be after that date.

2019-04-16 19:47

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