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IGBB - Notice of Rights Entitlement (Ratio)

IGB BERHAD

RESTRICTED OFFERING OF UP TO 945,000,132 UNITS IN IGB COMMERCIAL REAL ESTATE INVESTMENT TRUST ("IGB COMMERCIAL REIT") ("UNITS") COMPRISING:

 

(A) RESTRICTED OFFER FOR SALE OF UP TO 378,000,053 UNITS ("ROFS UNITS") ON A NON-RENOUNCEABLE BASIS TO ENTITLED SHAREHOLDERS OF IGB BERHAD ("IGB") ON THE BASIS OF TWO (2) ROFS UNITS FOR EVERY FIVE (5) ORDINARY SHARES IN IGB HELD ON THE ENTITLEMENT DATE AT THE PRICE OF RM1.00 PER ROFS UNIT; AND

 

(B) DISTRIBUTION-IN-SPECIE OF UP TO 567,000,079 UNITS ("DIS UNITS") TO BE DISTRIBUTED ONLY TO ENTITLED SHAREHOLDERS OF IGB WHO HAVE SUBSCRIBED FOR THEIR ENTITLEMENTS TO THE ROFS UNITS ON THE BASIS OF THREE (3) DIS UNITS FOR EVERY TWO (2) ROFS UNITS SUBSCRIBED, ("RESTRICTED OFFERING").
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Offer” as from: 3 Jun 2021
2)    The last date of lodgment : 4 Jun 2021

 

Remarks :-  PROPOSED LISTING OF IGB COMMERCIAL REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("PROPOSED LISTING")

 

 Reference is made to the announcements in relation to the Proposed Listing and the circular to shareholders of IGB dated 13 April 2021 ("Circular"). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.

 

The last date and time for acceptance and payment as well as the listing date set out above are tentative only and may be subject to change. An announcement on the timetable for the Proposed Listing will be made in due course.

 

The ROFS is non-renounceable and non-tradeable, and are to be offered solely based on the contents of the Prospectus to be issued by IGB Commercial REIT. Entitled Shareholders (as defined herein) may fully or partially subscribe for their entitlement to the ROFS Units and will be entitled to receive the corresponding DIS Units. Further details on the Restricted Offering are set out in the Prospectus which will be despatched to the shareholders of IGB in due course.

 

The Prospectus together with the accompanying Offer Acceptance Form as well as the Notice of Provisional Offer (collectively, the "Documents") will be despatched to the entitled shareholders whose names appear in the Record of Depositors ("ROD") of IGB as at 5.00 p.m. on 4 June 2021 ("Entitled Shareholders") at their addresses in Malaysia as shown in the ROD or at their addresses in Malaysia provided by them by 5.00 p.m. on 4 June 2021 to Bursa Depository. An Entitled Shareholder may only exercise his/her/its rights in respect of the Restricted Offering to the extent that it would be lawful to do so.

 

The Documents are not intended to be and will not be issued, circulated or distributed in any jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Restricted Offering and the Documents comply with the laws of any countries or jurisdictions other than Malaysia.

 


Announcement Info

Company Name IGB BERHAD
Stock Name IGBB
Date Announced 21 May 2021
Category Listing Circular
Reference Number ILC-21052021-00010


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