Type | Announcement | ||||||||||||||||||
Subject | MULTIPLE PROPOSALS |
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Description |
ELK-DESA RESOURCES BERHAD ("ELK-DESA" OR THE "COMPANY") (I) RIGHTS ISSUE; AND (II) EXEMPTION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") |
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(Unless otherwise stated, the abbreviations used herein shall have the same meaning as those mentioned in the Company’s Abridged Prospectus dated 8 August 2017.) We refer to the Abridged Prospectus dated 8 August 2017. On behalf of the Board, Mercury Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 23 August 2017 ("Closing Date"), the total valid acceptances and excess applications received for the Rights Issue is 46,492,498 Rights Shares, representing 100% of the Rights Shares available for subscription under the Rights Issue. The details of valid acceptances and excess applications received as at the Closing Date are as follows:
As set out above, the Rights Shares have been fully subscribed for as the Board has decided to allot the Rights Shares to all the Entitled Shareholders and/or their renouncee(s)/transferee(s) who have applied for the Excess Rights Shares. The Rights Shares are expected to be listed and quoted on the Main Market of Bursa Securities on 8 September 2017. This announcement is dated 30 August 2017. |
Company Name | ELK-DESA RESOURCES BERHAD |
Stock Name | ELKDESA |
Date Announced | 30 Aug 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-29082017-00038 |