Tuesday, July 1, 2014

Transcu

Transcu : has a series of corporate actions, but will remain listed as a different entity - proposed 65-into-1 shares consolidation - Proposed renounceable non-underwritten 5-for-1 rights issue following completion of the share consolidation, at a post-consolidation issue price of 0.8¢ for each rights share. Each right comes with 1 free detachable warrant (exercise price of 0.9¢) - thereafter, proposed name change to OLS Enterprise Corporate actions subject to shareholder approval at EGM - 9 Jul Timeline to be finalized

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