Restricted offering of 14,000,000 new ordinary shares in EI Power Berhad ("EIP") ("Issue Shares") to the entitled shareholders of OCK Group Berhad ("OCK") in conjunction with the listing of EIP on the ACE Market of Bursa Malaysia Securities Berhad ("Restricted Offering")

 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Offer" as from: 14 Apr 2026
2)  The last date of lodgment : 15 Apr 2026

 

Remarks :
Unless otherwise defined, the definitions used in this announcement shall have the same meaning as those defined in the Company's announcements dated 26 August 2025, 8 September 2025, 12 September 2025 and 19 December 2025 in relation to the Listing ("Announcements").

14,000,000 Issue Shares, representing 2.0% of the enlarged share capital of EIP, are reserved for application by the Entitled Shareholders of OCK under the Restricted Offering in the following manner:

(i)    each Entitled Shareholder of OCK who applies for at least 100 Issue Shares is guaranteed an allocation of 100 Issue Shares;

(ii)    any balance Issue Shares after the allocation under item (i) above shall be allocated to the Entitled Shareholders of OCK who applied in excess of 100 Issue Shares on a pro-rata basis, computed based on their respective shareholdings in OCK as at the Entitlement Date. For clarification, the allocation under item (ii) prioritises the Entitled Shareholders of OCK in proportion of their shareholdings held in OCK; and

(iii)    any balance Issue Shares after the allocation under items (i) and (ii) above shall be allocated to the Entitled Shareholders of OCK on a pro-rata basis, computed based on the quantum of their respective Issue Shares under application. For clarification, the allocation under item (iii) distributes balance Issue Shares from item (ii) above to remaining applicants for excess Issue Shares in proportion to the size of their application.

In the event there are any balance Issue Shares under the Restricted Offering after the above sequence of processes (i) to (iii) of allocations are completed, the balance Issue Shares subsequently will be allocated in the processes set out in (ii) to (iii) above repeatedly until all Issue Shares are allocated.

Any fractional entitlements and odd lots arising from the Restricted Offering shall be disregarded and rounded down to the nearest board lot, and the aggregate of such fractions and such odd lots will be dealt with in such manner or on such terms as the board of directors of EIP may deem fit and expedient in the best interest of EIP.

Nevertheless, the board of directors of EIP reserves the right to allot any balance Issue Shares applied for in such manner as the board of directors of EIP deems fit and expedient as well as in the best interest of EIP, subject always to such allocation being made on a fair and equitable basis.

The entitlement of the Entitled Shareholders of OCK to participate in the Restricted Offering is non-renounceable and non-tradable. Entitled Shareholders of OCK are not allowed to submit multiple applications for the Issue Shares made available under the Restricted Offering and the board of directors of EIP has the absolute discretion to reject multiple applications. The Restricted Offering does not preclude the Entitled Shareholders of OCK from making additional applications for the Issue Shares made available under the Malaysian Public category.