BHS - Notice Of Rights Entitlement (Ratio)

Renounceable rights issue of up to 106,666,666 new ordinary shares of RM0.25 each in BHS Industries Berhad ("BHS") ("BHS Share(s)") ("Rights Share(s)") on the basis of one (1) Rights Share for every three (3) existing BHS Shares held at 5.00 p.m. on 9 September 2015, together with up to 213,333,332 free detachable warrants ("Warrant(s)") on the basis of two (2) Warrants for every one (1) Rights Share subscribed, at an issue price of RM0.42 per Rights Share payable in full upon acceptance.

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex Rights Issue” as from: 7 Sep 2015
2)    The last date of lodgment : 9 Sep 2015
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<1/4>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <1/4>, of the Transacted Price is applicable.

Remarks :- The Abridged Prospectus, together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of BHS whose names appear on the Record of Depositors at 5.00 p.m. on 9 September 2015 ("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 9 September 2015. The Abridged Prospectus, together with the NPA and RSF, will not be despatched to the foreign Entitled Shareholders who have not provided an address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on 9 September 2015. The aforementioned documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date. This announcement is dated 24 August 2015.

Announcement Info