MULTIPLE PROPOSALS RCE CAPITAL BERHAD (“RCE”) (I) BONUS ISSUE OF UP TO 398,746,687 NEW ORDINARY SHARES OF RM0.10 EACH IN RCE(“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN RCE (“SHARES”) (“BONUS ISSUE”) (II) RENOUNCEABLE RIGHTS ISSUE OF UP TO 478,496,024 NEW REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES OF RM0.10 EACH IN RCE (“RCPS”) ON THE BASIS OF 2 RCPS FOR EVERY 5 SHARES HELD AFTER THE PROPOSED BONUS ISSUE (“RIGHTS ISSUE”)
| RCE CAPITAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | RCE CAPITAL BERHAD (“RCE”) (I) BONUS ISSUE OF UP TO 398,746,687 NEW ORDINARY SHARES OF RM0.10 EACH IN RCE(“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN RCE (“SHARES”) (“BONUS ISSUE”) (II) RENOUNCEABLE RIGHTS ISSUE OF UP TO 478,496,024 NEW REDEEMABLE CONVERTIBLE NON-CUMULATIVE PREFERENCE SHARES OF RM0.10 EACH IN RCE (“RCPS”) ON THE BASIS OF 2 RCPS FOR EVERY 5 SHARES HELD AFTER THE PROPOSED BONUS ISSUE (“RIGHTS ISSUE”) |
We refer to the announcements dated 14 February 2012, 26 April 2012, 25 May 2012, 6 June 2012, 29 August 2012, 21 September 2012, 28 September 2012, 2 October 2012 and 16 October 2012. All abbreviations used herein shall have the same meanings as those used in the abovementioned announcements unless stated otherwise. As stated in the Circular to shareholders of RCE dated 30 August 2012, the Bonus Issue and the Rights Issue are inter-conditional upon each other. In this respect, the Bonus Issue and Rights Issue will only be implemented upon obtaining all relevant approvals required and not meant to be completed simultaneously. As stated in the announcement for the Bonus Issue and Rights Issue dated 16 October 2012, the Bonus Shares will be listed on 1 November 2012 while the RCPS to be issued pursuant to the Rights Issue will be listed on 30 November 2012. This announcement is dated 25 October 2012. | |
Announcement Info
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 25 Oct 2012 |
| Category | General Announcement |
| Reference No | ML-121025-60536 |