Offer for Sale
| TIME ENGINEERING BERHAD |
|
EX-date | 01/07/2011 |
| Entitlement date | 05/07/2011 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Offer for Sale |
| Entitlement description | Renounceable offer for sale by TIME Engineering Berhad (“TEB”) of up to 626,181,720 ordinary shares of RM1.00 each in TIME dotCom Berhad (“TdC”) representing its entire equity interest in TdC (“Offer Shares”) at an offer price of RM0.53 per offer share reflecting a discount of thirty three point seventy five percent (33.75%) to the five (5)–day volume weighted average market price up to 17 June 2011, being the day prior to the price-fixing date, on the basis of eight (8) offer shares for every ten (10) ordinary shares of RM0.20 each in TEB held as at 5.00 p.m. on 5 July 2011 (“OFS”) |
| Period of interest payment | to |
| Financial Year End | |
| 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 no | Mega Corporate Services Sdn Bhd Level 15-2, Sheraton Imperial Court Jalan Sultan Ismail 50250 Kuala Lumpur Tel. No.:+603 2692 4271 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 05/07/2011 |
| 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 indicator | Ratio |
| Ratio | 8 : 10 |
| Rights Issues/Offer Price | 0.53 |
| Remarks : |
| The Prospectus together with the Notice of Provisional Offer and Offer Acceptance Form (collectively, “Documents”), are only despatched to shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 5 July 2011 (“Entitled Shareholders”) at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 5 July 2011. The Documents will not be despatched to the Entitled Shareholders who have not provided an address in Malaysia. Entitled Shareholders who are without an address for the service of documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the share registrar, Mega Corporate Services Sdn Bhd to effect the change of address by 5.00 p.m. on 5 July 2011. This announcement is dated 20 June 2011. |
Announcement Info
| Company Name | TIME ENGINEERING BERHAD |
| Stock Name | TIME |
| Date Announced | 20 Jun 2011 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | TE-110620-63046 |