Stock Name: PERDANA
Amount/Ratio: 2 : 5
Announcement Date: 19/11/2013
Ex Date: 03/12/2013
|Company Name||PERDANA PETROLEUM BERHAD|
|Date Announced||19 Nov 2013|
|Category||Entitlements (Notice of Book Closure)|
|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.