18-08-2013, 10:43 AM
(18-08-2013, 09:34 AM)valerene Wrote: hi hi..i am an existing shareholder and this is the first time i encounter the rights issue.
understand there is a deadline for 20 august, what do i need to do meantime? I did not receive any documents after the call for EGM documents? appreciate fellow buddies advice.
Shareholder who owns the UE shares before the expiry date of 21 August 2013 is entitled the right to buy another UE share for $1.50. Those UE shares buy after 21 August 2013 will NOT have this entitlement.
As for the right, you can either choose to sell the right in the open market within a period of time or exercise your right (i.e. pay $1.5 and get another UE share). Furthermore, if you are the shareholder of the mother share before the ex date, you're entitled to apply excess right. UE will issue another document call "offer information statement (“Offer Information Statement”)" that state the important information as well as important dates regarding the right issue. The following are the important date you'll need to take note important date and events section. The following is a sample of what will be in the timetbale of key events
EXPECTED TIMETABLE OF KEY EVENTS
Notice of Books Closure Date :
First date of “ex-Rights” trading for the Rights Issue :
Books Closure Date :
Lodgment of Offer Information Statement with the Authority :
Despatch of the Offer Information Statement together with
the ARE or the PAL, as the case may be, to the Entitled
Shareholders
Commencement of trading of “nil-paid” Rights :
Last date and time for trading of “nil-paid” Rights :
Last date and time for splitting of “nil-paid” Rights :
Last date and time for acceptance of and payment for Rights
Shares(1)
Last date and time for renunciation of and payment for Rights
Shares
Last date and time for application and payment for Excess
Rights Shares(1)
Expected date for issuance of Rights Shares :
Expected date for crediting of Rights Shares :
Expected date for refund of unsuccessful applications (if made
through CDP)
Expected date for commencement of trading of Rights Shares
on the SGX-ST