Announcement Details/Table Section :
TRC Synergy Berhad (“TRC” or “Company”) wishes to announce that pursuant to the conditions stipulated in the Trust Deed dated 15 November 2006 constituting the ICULS, the ICULS will mature at 5.00 p.m. on Friday, 20 January 2012 (“Maturity Date”).
The ICULS Holders will be entitled to a last interest payment at the rate of five per cent (5%) per annum for the period from 21 January 2011 to 20 January 2012 which will be paid on the Maturity Date to all ICULS Holders whose names appear in the Company’s Record of Depositors of ICULS as at the close of business at 5.00 p.m. on Friday, 13 January 2012.
After the Maturity Date, the ICULS shall cease to bear interest and all outstanding ICULS shall be automatically converted into new ordinary stock units of RM0.50 each in TRC (“TRC Stock Units”) at the Conversion Price of RM1.00 for 2.88 new TRC Stock Unit.
This announcement is dated 6th December 2011.