SCOMI Notice of Right Issue

RI - 15 ICSLS + 2 FREE WARRANTS : 10 ORDINARY SHARES

(A)
Rights Issue Price: RM0.10
Conversion price of the ICSLS: RM0.40
Exercise price of the Warrants:RM0.40
Ex - Rights Issue: 12/11/09
Last date of lodgement: 16/11/09

Last Day and Time for:
- Sale of Provisional Allotment of Right: 23/11/2009 05:00 PM
- Transfer of Provisional Allotment of Right: 26/11/2009 04:00 PM
- Acceptance and Payment: 02/12/2009 05:00 PM
- Excess Share Application and Payment: 02/12/2009 05:00 PM

(B)
Retention Money : Where securities are not delivered in time for
registration by the seller, then the brokers concerned :-

i) Selling Broker to deduct [ 15/25 ] , of the Selling Price against the
Selling Client.
ii) Buying Broker to deduct [ 10% ] of the Purchase Price against the
Buying Client.
iii) Between Broker and Broker, the deduction of [ 15/25 ] of the Transacted
Price is applicable

My Situation:
I'm the beginner,currently holding 50 lots of shares which bought at the price of RM0.47 per share.
And, currently i using electronic trading acc instead of offline broker.

Quests:
1) According to the announcement (A), should i subscribe the right issue? If yes, then what are the procedures?

2) What is the exact meaning of announcement (B)?


Your guidance and advise are highly highly appreciated...
TQ

i need help too...can anyone explain it to me? thank u

Bro, u from scomi rail?

That was all over already, are you sure you just received the notice?