GRANFLO - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 227,365,280 NEW ORDINARY SHARES OF RM0.10 EACH ("BONUS SHARES") IN GRAND-FLO ("GRAND-FLO SHARES" OR "SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING GRAND-FLO SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 227,365,280 NEW ORDINARY SHARES OF RM0.10 EACH ("BONUS SHARES") IN GRAND-FLO ("GRAND-FLO SHARES" OR "SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING GRAND-FLO SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
NEXTNAT - NEXTNAT - NOTICE OF BONUS ENTITLEMENT
Announcement Type: Listing Circular
Company Name: NEXTNATION COMMUNICATION BERHAD (ACE Market)
Stock Name: NEXTNAT
Date Announced: 04/05/2012
Announcement Detail:
Subject: NEXTNAT - NOTICE OF BONUS ENTITLEMENT
Contents: Bonus issue of 45,738,000 Warrants in Nextnation Communication Berhad ("Nextnation") on the basis of one (1) free Warrant for every ten (10) existing ordinary shares of RM0.10 each held in Nextnation at 5.00 p.m. on 15 May 2012.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
Company Name: NEXTNATION COMMUNICATION BERHAD (ACE Market)
Stock Name: NEXTNAT
Date Announced: 04/05/2012
Announcement Detail:
Subject: NEXTNAT - NOTICE OF BONUS ENTITLEMENT
Contents: Bonus issue of 45,738,000 Warrants in Nextnation Communication Berhad ("Nextnation") on the basis of one (1) free Warrant for every ten (10) existing ordinary shares of RM0.10 each held in Nextnation at 5.00 p.m. on 15 May 2012.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: Fund: CIMB FTSE ASEAN 40 Malaysia
Date: 04-May-2012
IOPV per unit (RM): 1.6244
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,853.15
Attachments: asean40_Basket.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: Fund: CIMB FTSE ASEAN 40 Malaysia
Date: 04-May-2012
IOPV per unit (RM): 1.6244
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,853.15
Attachments: asean40_Basket.pdf
CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE CHINA 25
Stock Name: CIMBC25
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: Fund: CIMB FTSE China 25
Date: 04-May-2012
IOPV per unit (RM): 0.8954
Units in circulation (units): 13,650,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,793.15
Attachments: china25_Basket.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE CHINA 25
Stock Name: CIMBC25
Date Announced: 04/05/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: Fund: CIMB FTSE China 25
Date: 04-May-2012
IOPV per unit (RM): 0.8954
Units in circulation (units): 13,650,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,793.15
Attachments: china25_Basket.pdf
MPHB - MPHB - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: MULTI-PURPOSE HOLDINGS BERHAD
Stock Name: MPHB
Date Announced: 04/05/2012
Announcement Detail:
Subject: MPHB - NOTICE OF BOOK CLOSURE
Contents: A Final Dividend of 5 sen gross per share, less income tax of 25%.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 30 July 2012 ]
2) The last date of lodgement : [ 1 August 2012 ]
3) Date Payable : [ 17 August 2012 ]
Company Name: MULTI-PURPOSE HOLDINGS BERHAD
Stock Name: MPHB
Date Announced: 04/05/2012
Announcement Detail:
Subject: MPHB - NOTICE OF BOOK CLOSURE
Contents: A Final Dividend of 5 sen gross per share, less income tax of 25%.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 30 July 2012 ]
2) The last date of lodgement : [ 1 August 2012 ]
3) Date Payable : [ 17 August 2012 ]
TCHONG - TCHONG - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name: TCHONG
Date Announced: 04/05/2012
Announcement Detail:
Subject: TCHONG - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 12% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 30 May 2012 ]
2) The last date of lodgement : [ 1 June 2012 ]
3) Date Payable : [ 22 June 2012 ]
Company Name: TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name: TCHONG
Date Announced: 04/05/2012
Announcement Detail:
Subject: TCHONG - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 12% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 30 May 2012 ]
2) The last date of lodgement : [ 1 June 2012 ]
3) Date Payable : [ 22 June 2012 ]
APM - APM - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 04/05/2012
Announcement Detail:
Subject: APM - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 12% less income tax and Special Final Dividend of 10% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 6 June 2012 ]
2) The last date of lodgement : [ 8 June 2012 ]
3) Date Payable : [ 28 June 2012 ]
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 04/05/2012
Announcement Detail:
Subject: APM - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 12% less income tax and Special Final Dividend of 10% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 6 June 2012 ]
2) The last date of lodgement : [ 8 June 2012 ]
3) Date Payable : [ 28 June 2012 ]
WARISAN - WARISAN - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: WARISAN TC HOLDINGS BERHAD
Stock Name: WARISAN
Date Announced: 04/05/2012
Announcement Detail:
Subject: WARISAN - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 6% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 29 May 2012 ]
2) The last date of lodgement : [ 31 May 2012 ]
3) Date Payable : [ 21 June 2012 ]
Company Name: WARISAN TC HOLDINGS BERHAD
Stock Name: WARISAN
Date Announced: 04/05/2012
Announcement Detail:
Subject: WARISAN - NOTICE OF BOOK CLOSURE
Contents: Final Dividend of 6% less income tax.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 29 May 2012 ]
2) The last date of lodgement : [ 31 May 2012 ]
3) Date Payable : [ 21 June 2012 ]
TIMECOM - TIMECOM - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: TIME DOTCOM BERHAD
Stock Name: TIMECOM
Date Announced: 04/05/2012
Announcement Detail:
Subject: TIMECOM - NOTICE OF BOOK CLOSURE
Contents: Date of Entitlement and Notice of Book Closure of TIME dotCom Berhad ("TdC") to determine the shareholders of TdC who will be entitled / subject to the following;
(I) Capital repayment of RM50,615,500 representing RM0.02 per existing TdC Share to the entitled shareholders of TdC pursuant to Sections 60 and 64 of the Companies Act, 1965 ("Capital Repayment"); and
(II) Capital Restructuring comprising:
(A) capital reduction of the existing issued and paid-up share capital of TdC via the cancellation of RM0.90 of the par value of each TdC Share pursuant to Section 64 of the Companies Act, 1965 ("Capital Reduction");
(B) set-off of TdC's share premium account against the accumulated losses of TdC; and
(C) share consolidation of 2,530,775,000 TdC Shares with a par value of RM0.10 each (after the Capital Reduction) into 506,155,000 TdC Shares with a par value of RM0.50 each in TdC, on the basis of five (5) TdC Shares of par value of RM0.10 each into one (1) TdC Share of RM0.50 each ("Share Consolidation").
(Collectively (A), (B) and (C) are referred to as the "Capital Restructuring").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
Remarks 1 :- On 20 April 2012, TdC had obtained an order from the High Court of Malaya, Kuala Lumpur confirming the Capital Repayment and Capital Restructuring pursuant to Sections 60 and 64 of the Companies Act, 1965.
The existing issued and paid-up share capital of TdC is RM2,530,775,000 comprising 2,530,775,000 ordinary shares of RM1.00 each.
Upon the completion of the Capital Repayment and Capital Restructuring, the issued and paid-up share capital of TdC shall be RM253,077,500 comprising 506,155,000 ordinary shares of RM0.50 each.
With the introduction of SPEEDS by Bursa Malaysia Securities Berhad ("Bursa Securities"), there will not be any suspension in the trading of TdC Shares for the purposes of implementation of the Capital Repayment and Capital Restructuring.
The shares in relation to the Share Consolidation will be listed and quoted on the Main Market of Bursa Securities on 16 May 2012, being the next market day following the entitlement date of 15 May 2012.
Remarks 2 :- Participating Organisations are to take note of the following Capital Repayment and Capital Restructuring exercise by TIME DOTCOM BERHAD.
The Capital Repayment and Capital Restructuring comprise the following:-
(I) Capital repayment of RM50,615,500 representing RM0.02 per existing TdC Share to the entitled shareholders of TdC pursuant to Sections 60 and 64 of the Companies Act, 1965 ("Capital Repayment"); and
(II) Capital Restructuring comprising:
(A) Capital Reduction of the existing issued and paid-up share capital of TdC via the cancellation of RM0.90 of the par value of each TdC Share pursuant to Section 64 of the Companies Act, 1965("Capital Reduction");
(B) Set-off of TdC's share premium account against the accumulated losses of TdC; and
(C) Share Consolidation of 2,530,775,000 TdC Shares with a par value of RM0.10 each (after the Capital Reduction) into 506,155,000 TdC Shares with a par value of RM0.50 each in TdC, on the basis of five (5) TdC Shares of par value of RM0.10 each into one (1) TdC Share of RM0.50 each ("Share Consolidation").
In relation to the Capital Repayment and Capital Restructuring undertaken by TIMECOM as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 11 May 2012, trading of TIMECOM shares will be based on the newly adjusted share after the Capital Repayment and Capital Restructuring of TIMECOM shares,
(b) on the basis of settlement taking place on or after 15 May 2012 with consolidated TIMECOM shares of RM0.50 each, any entitled shareholder who owns TIMECOM shares as at Ex-date may sell only up to the maximum TIMECOM shares he expects to receive after the Capital Repayment and Capital Restructuring, i.e. the reduced amount, on or after the Ex-date 11 May 2012.
With the adjustments pursuant to the Capital Repayment and Capital Restructuring effected on TIMECOM shareholders' CDS account at the end of the Entitlement Date ("Books Closure Date"), an entitled TIMECOM shareholder may use the following basis to estimate the maximum number of TIMECOM shares that he may sell from the Ex-date until the Book Closing Date which is from 11 May 2012 until 15 May 2012.
Number of TIMECOM shares that may be = Number of shares held x 0.20
sold on 11 May 2012 until 15 May 2012 (All fractional shares computed should be disregarded
Illustration:
For example, if Mr X owns or purchases 1000 TIMECOM shares (of RM1.00 par value each) on cum basis on 10 May 2012, his CDS account would
still show 1000 TIMECOM shares (of RM1.00 par value each)) until 15 May 2012. However, as a result of the above Capital Repayment and Capital Restructuring exercise, Mr X's 1000 TIMECOM shares of RM1.00 each in his CDS account will be adjusted to 200 TIMECOM shares of RM0.50 each on the night of 15 May 2012 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 200 TIMECOM shares of RM0.50 each on or after the Ex-date i.e. from 11 May 2012 onwards.
Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 11 May 2012 until 15 May 2012, they are only entitled to sell the maximum of 20% of the shares owned. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client's position.
Company Name: TIME DOTCOM BERHAD
Stock Name: TIMECOM
Date Announced: 04/05/2012
Announcement Detail:
Subject: TIMECOM - NOTICE OF BOOK CLOSURE
Contents: Date of Entitlement and Notice of Book Closure of TIME dotCom Berhad ("TdC") to determine the shareholders of TdC who will be entitled / subject to the following;
(I) Capital repayment of RM50,615,500 representing RM0.02 per existing TdC Share to the entitled shareholders of TdC pursuant to Sections 60 and 64 of the Companies Act, 1965 ("Capital Repayment"); and
(II) Capital Restructuring comprising:
(A) capital reduction of the existing issued and paid-up share capital of TdC via the cancellation of RM0.90 of the par value of each TdC Share pursuant to Section 64 of the Companies Act, 1965 ("Capital Reduction");
(B) set-off of TdC's share premium account against the accumulated losses of TdC; and
(C) share consolidation of 2,530,775,000 TdC Shares with a par value of RM0.10 each (after the Capital Reduction) into 506,155,000 TdC Shares with a par value of RM0.50 each in TdC, on the basis of five (5) TdC Shares of par value of RM0.10 each into one (1) TdC Share of RM0.50 each ("Share Consolidation").
(Collectively (A), (B) and (C) are referred to as the "Capital Restructuring").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
Remarks 1 :- On 20 April 2012, TdC had obtained an order from the High Court of Malaya, Kuala Lumpur confirming the Capital Repayment and Capital Restructuring pursuant to Sections 60 and 64 of the Companies Act, 1965.
The existing issued and paid-up share capital of TdC is RM2,530,775,000 comprising 2,530,775,000 ordinary shares of RM1.00 each.
Upon the completion of the Capital Repayment and Capital Restructuring, the issued and paid-up share capital of TdC shall be RM253,077,500 comprising 506,155,000 ordinary shares of RM0.50 each.
With the introduction of SPEEDS by Bursa Malaysia Securities Berhad ("Bursa Securities"), there will not be any suspension in the trading of TdC Shares for the purposes of implementation of the Capital Repayment and Capital Restructuring.
The shares in relation to the Share Consolidation will be listed and quoted on the Main Market of Bursa Securities on 16 May 2012, being the next market day following the entitlement date of 15 May 2012.
Remarks 2 :- Participating Organisations are to take note of the following Capital Repayment and Capital Restructuring exercise by TIME DOTCOM BERHAD.
The Capital Repayment and Capital Restructuring comprise the following:-
(I) Capital repayment of RM50,615,500 representing RM0.02 per existing TdC Share to the entitled shareholders of TdC pursuant to Sections 60 and 64 of the Companies Act, 1965 ("Capital Repayment"); and
(II) Capital Restructuring comprising:
(A) Capital Reduction of the existing issued and paid-up share capital of TdC via the cancellation of RM0.90 of the par value of each TdC Share pursuant to Section 64 of the Companies Act, 1965("Capital Reduction");
(B) Set-off of TdC's share premium account against the accumulated losses of TdC; and
(C) Share Consolidation of 2,530,775,000 TdC Shares with a par value of RM0.10 each (after the Capital Reduction) into 506,155,000 TdC Shares with a par value of RM0.50 each in TdC, on the basis of five (5) TdC Shares of par value of RM0.10 each into one (1) TdC Share of RM0.50 each ("Share Consolidation").
In relation to the Capital Repayment and Capital Restructuring undertaken by TIMECOM as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 11 May 2012, trading of TIMECOM shares will be based on the newly adjusted share after the Capital Repayment and Capital Restructuring of TIMECOM shares,
(b) on the basis of settlement taking place on or after 15 May 2012 with consolidated TIMECOM shares of RM0.50 each, any entitled shareholder who owns TIMECOM shares as at Ex-date may sell only up to the maximum TIMECOM shares he expects to receive after the Capital Repayment and Capital Restructuring, i.e. the reduced amount, on or after the Ex-date 11 May 2012.
With the adjustments pursuant to the Capital Repayment and Capital Restructuring effected on TIMECOM shareholders' CDS account at the end of the Entitlement Date ("Books Closure Date"), an entitled TIMECOM shareholder may use the following basis to estimate the maximum number of TIMECOM shares that he may sell from the Ex-date until the Book Closing Date which is from 11 May 2012 until 15 May 2012.
Number of TIMECOM shares that may be = Number of shares held x 0.20
sold on 11 May 2012 until 15 May 2012 (All fractional shares computed should be disregarded
Illustration:
For example, if Mr X owns or purchases 1000 TIMECOM shares (of RM1.00 par value each) on cum basis on 10 May 2012, his CDS account would
still show 1000 TIMECOM shares (of RM1.00 par value each)) until 15 May 2012. However, as a result of the above Capital Repayment and Capital Restructuring exercise, Mr X's 1000 TIMECOM shares of RM1.00 each in his CDS account will be adjusted to 200 TIMECOM shares of RM0.50 each on the night of 15 May 2012 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 200 TIMECOM shares of RM0.50 each on or after the Ex-date i.e. from 11 May 2012 onwards.
Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 11 May 2012 until 15 May 2012, they are only entitled to sell the maximum of 20% of the shares owned. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client's position.
TIMECOM-CB - TIMECOM-CB - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Name: TIMECOM-CB: CW TIME DOTCOM BERHAD (CIMB)
Stock Name: TIMECOM-CB
Date Announced: 04/05/2012
Announcement Detail:
Subject: TIMECOM-CB - NOTICE OF BOOK CLOSURE
Contents: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TIME DOTCOM BERHAD ("TIMECOM") ("TIMECOM-CB") WHICH INCLUDES INTER-ALIA THE FOLLOWING:
(a) CAPITAL REPAYMENT OF RM50,615,500 REPRESENTING RM0.02 PER EXISTING TIMECOM SHARE TO THE ENTITLED SHAREHOLDERS OF TIMECOM PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
(b) CAPITAL RESTRUCTURING COMPRISING:
i. CAPITAL REDUCTION OF TIMECOM'S EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RM2,530,775,000 COMPRISING 2,530,775,000 SHARES OF RM1.00 EACH IN TIMECOM VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EACH TIMECOM SHARE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION")
ii. SET-OFF OF TIMECOM'S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TIMECOM
iii. SHARE CONSOLIDATION OF 2,530,775,000 ORDINARY SHARES OF RM0.10 (AFTER THE CAPITAL REDUCTION) INTO 506,155,000 TIMECOM SHARES, ON THE BASIS OF FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN TIMECOM INTO ONE (1) ORDINARY SHARE OF RM0.50 EACH IN TIMECOM ("SHARE CONSOLIDATION").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
Remarks :- In accordance with Condition 6 of the Deed Poll dated 5 May 2011, the terms and conditions of the TIMECOM-CB shall be adjusted accordingly.
The Ex-date and entitlement date for the Capital Repayment and Share Consolidation will be 11 May 2012 and 15 May 2012 respectively. We will announce the adjustments to the Exercise Price and the Warrant Component/Exercise Ratio for the TIMECOM-CB after 5.00 pm on 10 May 2012, being the last trading day on which TIMECOM shares are traded on cum-entitlement basis. The adjusted Exercise Price and Warrant Component/Exercise Ratio for the TIMECOM-CB will take effect at 9.00 am on 11 May 2012, being the ex-date for the Capital Repayment and Share Consolidation.
For the avoidance of doubt, the Exercise Price and the Warrant Component/Exercise Ratio for the Share Consolidation for TIMECOM-CB shall be the adjusted Exercise Price and the Warrant Component/Exercise Ratio after the Capital Repayment.
Please note that there will not be any new issuance of TIMECOM-CB on the Entitlement Date pursuant to the Capital Repayment and Share Consolidation.
Name: TIMECOM-CB: CW TIME DOTCOM BERHAD (CIMB)
Stock Name: TIMECOM-CB
Date Announced: 04/05/2012
Announcement Detail:
Subject: TIMECOM-CB - NOTICE OF BOOK CLOSURE
Contents: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TIME DOTCOM BERHAD ("TIMECOM") ("TIMECOM-CB") WHICH INCLUDES INTER-ALIA THE FOLLOWING:
(a) CAPITAL REPAYMENT OF RM50,615,500 REPRESENTING RM0.02 PER EXISTING TIMECOM SHARE TO THE ENTITLED SHAREHOLDERS OF TIMECOM PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
(b) CAPITAL RESTRUCTURING COMPRISING:
i. CAPITAL REDUCTION OF TIMECOM'S EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RM2,530,775,000 COMPRISING 2,530,775,000 SHARES OF RM1.00 EACH IN TIMECOM VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EACH TIMECOM SHARE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION")
ii. SET-OFF OF TIMECOM'S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TIMECOM
iii. SHARE CONSOLIDATION OF 2,530,775,000 ORDINARY SHARES OF RM0.10 (AFTER THE CAPITAL REDUCTION) INTO 506,155,000 TIMECOM SHARES, ON THE BASIS OF FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN TIMECOM INTO ONE (1) ORDINARY SHARE OF RM0.50 EACH IN TIMECOM ("SHARE CONSOLIDATION").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 11 May 2012 ]
2) The last date of lodgement : [ 15 May 2012 ]
Remarks :- In accordance with Condition 6 of the Deed Poll dated 5 May 2011, the terms and conditions of the TIMECOM-CB shall be adjusted accordingly.
The Ex-date and entitlement date for the Capital Repayment and Share Consolidation will be 11 May 2012 and 15 May 2012 respectively. We will announce the adjustments to the Exercise Price and the Warrant Component/Exercise Ratio for the TIMECOM-CB after 5.00 pm on 10 May 2012, being the last trading day on which TIMECOM shares are traded on cum-entitlement basis. The adjusted Exercise Price and Warrant Component/Exercise Ratio for the TIMECOM-CB will take effect at 9.00 am on 11 May 2012, being the ex-date for the Capital Repayment and Share Consolidation.
For the avoidance of doubt, the Exercise Price and the Warrant Component/Exercise Ratio for the Share Consolidation for TIMECOM-CB shall be the adjusted Exercise Price and the Warrant Component/Exercise Ratio after the Capital Repayment.
Please note that there will not be any new issuance of TIMECOM-CB on the Entitlement Date pursuant to the Capital Repayment and Share Consolidation.
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