Reliance Pacific Berhad Notice of Expiry And Final Exercise Of Warrants 1995/2005
BackMar 14, 2005
| General Announcement Reference No RP-050304-36839 |
| Company Name | : | RELIANCE PACIFIC BERHAD |
| Stock Name | : | RPB |
| Date Announced | : | 14/03/2005 |
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| Type | : | Announcement |
| Subject | : | RELIANCE PACIFIC BERHAD NOTICE OF EXPIRY AND FINAL EXERCISE OF WARRANTS 1995/2005 |
Contents :
NOTICE IS HEREBY GIVEN THAT, pursuant to the conditions stipulated in the Deed Poll, the subscription rights of the Warrants 1995/2005 ("Warrants") will expire at 5.00 p.m. on Wednesday, 13 April 2005 ("Expiry Date") in accordance with the provisions of the Deed Poll.
As such, the holders of Warrants intending to exercise their Warrants are advised to submit the documents referred to in Section 4.2 below to the share registrar of RPB not later than 5.00 p.m. on the Expiry Date.
Warrants not exercised by 5.00 p.m. on the Expiry Date will lapse and become null and void and cease to be exercisable thereafter. Accordingly, the Warrants will be removed from the official list of Bursa Malaysia Securities Berhad (formerly known as Malaysia Securities Exchange Berhad) ("Bursa Securities") with effect from 9.00 a.m. on 14 April 2005.
Te number of Warrants as at 17 February 2005 is 36 being the latest practicable date prior to the printing of the Notice is 36,137,700 held by 1,209 WarrantWarrant holders.
Warrant holders are therefore advised to carefully read the procedures set out below:-
1. SUSPENSION OF TRADING AND LAST DAY FOR TRADING
To facilitate the exercise of the subscription rights of the Warrants, trading of Warrants on Bursa Securities will be suspended with effect from 9.00 a.m. on 29 March 2005 until the Expiry Date. Hence, the last trading day of the Warrants will be up to 5.00 p.m. on 28 March 2005. 2. EXERCISE PRICE
The exercise price of the Warrants is RM1.89 for each new ordinary share of RM1.00 each in RPB. Accordingly, if you subscribe for 100 new RPB Shares, the exercise price shall be RM189.00. 3. PAYMENT OF EXERCISE PRICE
The Exercise Price of RM1.89 for each new RPB Share is to be made payable in Ringgit Malaysia by banker's draft or cashier's order drawn on a bank in Malaysia or money order or postal order made out in favour of "RELIANCE PACIFIC BERHAD - WARRANT PROCEEDS A/C"crossed "A/C Payee Only".
4. EXERCISE OF SUBSCRIPTION RIGHTS4.1 Existing Warrants not deposited with Bursa Depository and have been transferred to Ministry of Finance ("MOF").
Further to Section 29 of the Securities Industry (Central Depositories) (Amendment No. 2) Act, 1998, all persons who hold securities that are listed on Bursa Securities are required to deposit their securities with Bursa Depository by 1 December 1998. If you are a Warrant holder who have failed to deposit your Warrants by the aforesaid date, your Warrants would have been transferred to MOF without reference to you. The last date for appeals to reclaim the Warrants transferred to the MOF had expired on 31 May 2000. Pursuant to Section 29 (5) of the Securities Industry (Central Depositories) (Amendment No. 2) Act, 1998, the MOF has the authority to sell or dispose any such unclaimed securities and any proceeds from the said sale will be dealt with in accordance with the Unclaimed Moneys Act, 1965.
Warrant holders, who have failed to make an appeal by 31 May 2000, may submit their claims to the Registrar of Unclaimed Moneys to recover the proceeds for the sale of the unclaimed Warrants, after the sale has been carried out by the MOF. However, a written confirmation from the Jabatan Akauntan Negara Malaysia is required before any claims for refund are made.
Warrants holders who have made an appeal on or before 31 May 2000 but have not got their Warrants transferred to their CDS account and Warrant holders who have not appealed on or before 31 May 2000 may write to the Jabatan Akauntan Negara at the following address for enquiries:- Jabatan Akauntan Negara Malaysia
Seksyen Pengurusan Sekuriti
Tingkat 42 Menara Maybank
No. 100 Jalan Tun Perak
50050 Kuala Lumpur
Tel : 03-2034 1852
Fax : 03-2026 7430
If you are a holder of the Warrants and wish to exercise your subscription rights, you should:-
(i) the subscription form duly completed and executed by you;
(ii) remittance for the full Exercise Price as mentioned in Section 2 and 3 above; and
(iii) remittance of a processing fee of RM10.00 for each subscription form submitted, payable by a banker's draft or cashier's order drawn on a bank in Malaysia or money order or postal order made out in favour of "Symphony Share Registrars Sdn Bhd".
(ii) remittance for the full Exercise Price as mentioned in Section 2 and 3 above; and
(iii) remittance of a processing fee of RM10.00 for each subscription form submitted, payable by a banker's draft or cashier's order drawn on a bank in Malaysia or money order or postal order made out in favour of "Symphony Share Registrars Sdn Bhd".
4.3 In respect of the new RPB Shares to be issued to holders of Warrants pursuant to the exercise of the Warrants:-
4.3.1 the Company shall allot and issue the new RPB Shares and despatch the notices of allotment to the holders of Warrants and make an application to Bursa Securities for the quotation of the new RPB Shares within ten (10) market days of the receipt of a duly completed and executed subscription form together with the requisite payment or such other payment as may be prescribed by Bursa Securities ; and
4.3.2 such new RPB Shares shall be credited into the CDS Account specified by the holders of the Warrants after the allotment of the new RPB Shares and no physical share certificates shall be issued.
5.1 Bursa Malaysia Depository will not be accepting any request for the ordinary transfer of Warrants 1995/2005 for the period commencing from 4.00 p.m.on 6 April 2005 up to the Expiry Date.
5.2.1 Warrants transferred into the Depositor's Securities Account before 4.00 p.m. on 6 April 2005 in respect of ordinary transfers; or
5.2.2 Warrants bought on Bursa Securities on or before 28 March 2005, being the last day of trading of the Warrants.
6. CONTACT DETAILS FOR ENQUIRIES
All enquiries concerning the above should be addressed to the Share Registrar of RPB at:-
Symphony Share Registrars Sdn Bhd
Level 26, Menara Multi-Purpose, Capital Square
No. 8, Jalan Munshi-Abdullah
50100 Kuala Lumpur
Tel: 03-27212222
Fax: 03-27212530 / 03-27212531
This Notice has been seen and approved by the Directors of RPB and they collectively and individually accept full responsibility for the accuracy of the information given in this Notice and confirm that after making all reasonable enquiries and, to the best of their knowledge and belief, there are no other facts, the omission of which would make any statement herein misleading.
By Order of the Board
Tan Bee Leng
MAICSA 7009994
Company Secretary
Kuala Lumpur
11 March 2005
Bursa Announcement
