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Important Relevant Dates for Renounceable Rights

SILK HOLDINGS BERHAD

Title / Description

SILK HOLDINGS BERHAD ("SHB" OR "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO RM10.0 MILLION NOMINAL VALUE 3.00% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS-A (“RCULS-A”) AT 100% OF ITS NOMINAL VALUE OF RM1.00 EACH ON THE BASIS OF ONE (1) RCULS-A FOR EVERY EIGHTEEN (18) EXISTING ORDINARY SHARES OF RM0.50 EACH IN SHB HELD AT 5.00 P.M. ON 14 SEPTEMBER 2009 TO BE UNDERTAKEN BASED ON A MINIMUM SUBSCRIPTION LEVEL OF RM3,616,156 NOMINAL VALUE RCULS-A ("RIGHTS ISSUE")
Despatch Date16/09/2009
Date for commencement of trading of the rights15/09/2009
Date for despatch of abridged prospectus and subscription forms16/09/2009
Date for cessation of trading of the rights24/09/2009
Date for announcement of final subscription result and basis of allotment of excess Rights Securities06/10/2009
Listing date of the Rights Securities14/10/2009

Last date and time forDateTime
Sale of provisional allotment of rights23/09/2009
at
05:00:00 PM
Transfer of provisional allotment of rights28/09/2009
at
04:00:00 PM
Acceptance and payment01/10/2009
at
05:00:00 PM
Excess share application and payment01/10/2009
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
No 
To specify the entitlement that the holders of the Rights Securities will not be entitled to (if No):
There are no existing securities of the same class which is listed. However, in the event that the Proposed Par Value Reduction becomes effective prior to the listing of the RCULS-A, the RCULS-A will not be listed. Instead, the RCULS-A will be automatically converted into new ordinary shares of RM0.25 each in SHB which will be listed on the Main Market of Bursa Securities. The new ordinary shares in SHB to be issued pursuant to the conversion of the RCULS-A will upon allotment and issue, rank pari passu in all respects with the existing ordinary shares in SHB in issue except that they will not be entitled to any dividends, rights, allotment and/or other distributions that may be declared, made or paid prior to the allotment date of the said new ordinary shares in SHB.  
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment and excess application and payment are as above, or such later date and time as the Board of Directors of SHB may decide and announce not less than two (2) market days before the stipulated date and time.

This announcement is dated 28 August 2009.


Announcement Info

Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD    
Date Announced28 Aug 2009  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoMI-090826-41497



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