Tuesday, November 19, 2013

PERDANA - Bonus Issue (2 : 5)

Company: PERDANA PETROLEUM BERHAD
Stock Name: PERDANA
Amount/Ratio: 2 : 5
Announcement Date: 19/11/2013
Ex Date: 03/12/2013

Detail:

Company NamePERDANA PETROLEUM BERHAD  
Stock Name PERDANA  
Date Announced19 Nov 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-131119-55196

EX-date03/12/2013
Entitlement date05/12/2013
Entitlement time05:00:00 PM
Entitlement subjectBonus Issue
Entitlement descriptionBonus issue of up to 222.6 million new ordinary shares of RM0.50 each in Perdana Petroleum Berhad (“PPB”) (“PPB Shares”) (“Bonus Shares”) on the basis of two (2) Bonus Shares for every five (5) existing PPB Shares held by shareholders of PPB whose names appear on PPB’s Record of Depositors (“Entitled Shareholders”) as at 5.00 p.m. on 5 December 2013 (“Entitlement Date”) (“Proposed Bonus Issue”)
Period of interest payment to
Financial Year End31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel. No.:+603 2264 3883
Fax. No.:+603 2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers05/12/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 2 : 5
Rights Issues/Offer Price

Remarks :
The Bonus Issue will entail the issuance of up to 222.6 million Bonus Shares to be credited as fully paid-up on the basis of two (2) Bonus Shares for every five (5) existing PPB Shares held by the Entitled Shareholders on the Entitlement Date.

The actual number of Bonus Shares to be issued will be dependent on the issued and paid-up share capital of PPB on the Entitlement Date, taking into account any exercise or conversion (as the case may be) of PPB’s existing warrants 2010/2015 granted under the previous renounceable rights issue of the Company which will expire on 26 October 2015 (“Warrants”).

Holders of PPB’s Warrants 2010/2015 (“Warrant Holders”) (“Warrant Holders”) who wish to be entitled to the Bonus Shares should exercise their rights to subscribe for new PPB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with PPB’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 25 November 2013. This is to enable the new PPB Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear on the Record of Depositors for PPB Shares at 5.00 p.m. on the Entitlement Date.

The adjustments to the exercise price of outstanding Warrants and number of Warrants as a consequence of the Proposed Bonus Issue will be effective from the commencement of the next day following the Entitlement Date in accordance with the provisions of the Deed Poll constituting the Warrants dated 15 September 2010 (“Adjustment”). A notification to the Warrant Holders setting out the details of the Adjustment will be despatched in due course.

The Bonus Shares will be listed and quoted on the Main Market of Bursa Securities on 6 December 2013 being one (1) market day after the Entitlement Date.

PPB’s Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

This announcement is dated 19 November 2013.

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