KGB - KGB - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: KELINGTON GROUP BERHAD (ACE Market)
Stock Name: KGB
Date Announced: 04/06/2010
Announcement Detail:
Subject: KGB - NOTICE OF BOOK CLOSURE
Contents: Final tax-exempt dividend of 3 sen per ordinary share of RM0.10 each.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 16 June 2010 ]
2) The last date of lodgement : [ 18 June 2010 ]
3) Date Payable : [ 12 July 2010 ]
Company Name: KELINGTON GROUP BERHAD (ACE Market)
Stock Name: KGB
Date Announced: 04/06/2010
Announcement Detail:
Subject: KGB - NOTICE OF BOOK CLOSURE
Contents: Final tax-exempt dividend of 3 sen per ordinary share of RM0.10 each.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 16 June 2010 ]
2) The last date of lodgement : [ 18 June 2010 ]
3) Date Payable : [ 12 July 2010 ]
ABFMY1 - ABF Malaysia Bond Index Fund - Valuation Point as at 03-06-2010
Announcement Type: General Announcement
Company Name: ABF MALAYSIA BOND INDEX FUND
Stock Name: ABFMY1
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: ABF Malaysia Bond Index Fund - Valuation Point as at 03-06-2010
Contents: Fund: ABF Malaysia Bond Index Fund
NAV per unit (RM): 1.0819
Units in circulation (units): 481,921,800
Manager's Fee (% p.a.): 0.10
Trustee's Fee (% p.a.): 0.07
License Fee (% p.a.): 0.018
iBoxx ABF Malaysia IIndex: 1.2661
Issue Price (RM): 1.08
(rounded to nearest Sen)
For details of the In-Kind Creation/Redemption Basket, please refer to the attachment:
Attachments: ABF Valuation Point as at 03 June 2010.xls
Company Name: ABF MALAYSIA BOND INDEX FUND
Stock Name: ABFMY1
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: ABF Malaysia Bond Index Fund - Valuation Point as at 03-06-2010
Contents: Fund: ABF Malaysia Bond Index Fund
NAV per unit (RM): 1.0819
Units in circulation (units): 481,921,800
Manager's Fee (% p.a.): 0.10
Trustee's Fee (% p.a.): 0.07
License Fee (% p.a.): 0.018
iBoxx ABF Malaysia IIndex: 1.2661
Issue Price (RM): 1.08
(rounded to nearest Sen)
For details of the In-Kind Creation/Redemption Basket, please refer to the attachment:
Attachments: ABF Valuation Point as at 03 June 2010.xls
MANULFE - MANULFE - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: MANULIFE HOLDINGS BERHAD
Stock Name: MANULFE
Date Announced: 04/06/2010
Announcement Detail:
Subject: MANULFE - NOTICE OF BOOK CLOSURE
Contents: First and Final Dividend of 17 sen 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 : [ 28 June 2010 ]
2) The last date of lodgement : [ 30 June 2010 ]
3) Date Payable : [ 13 July 2010 ]
Remarks :- The Proposed First and Final Dividend is subject to shareholders' approval at the Thirty-Fourth Annual General Meeting of Manulife Holdings Berhad scheduled to be held on Monday, 28 June, 2010.
Company Name: MANULIFE HOLDINGS BERHAD
Stock Name: MANULFE
Date Announced: 04/06/2010
Announcement Detail:
Subject: MANULFE - NOTICE OF BOOK CLOSURE
Contents: First and Final Dividend of 17 sen 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 : [ 28 June 2010 ]
2) The last date of lodgement : [ 30 June 2010 ]
3) Date Payable : [ 13 July 2010 ]
Remarks :- The Proposed First and Final Dividend is subject to shareholders' approval at the Thirty-Fourth Annual General Meeting of Manulife Holdings Berhad scheduled to be held on Monday, 28 June, 2010.
RVIEW - PRODUCTION OF FRESH FRUIT BUNCHES ("FFB") OF OIL PALM
Announcement Type: General Announcement
Company Name: RIVERVIEW RUBBER ESTATES BERHAD
Stock Name: RVIEW
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: PRODUCTION OF FRESH FRUIT BUNCHES ("FFB") OF OIL PALM
Contents: The production of FFB of Riverview Rubber Estates, Berhad for the Month of May 2010 is 3,465.62 Metric Tonnes.
Company Name: RIVERVIEW RUBBER ESTATES BERHAD
Stock Name: RVIEW
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: PRODUCTION OF FRESH FRUIT BUNCHES ("FFB") OF OIL PALM
Contents: The production of FFB of Riverview Rubber Estates, Berhad for the Month of May 2010 is 3,465.62 Metric Tonnes.
DBHD - General Announcement
Announcement Type: General Announcement
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: DISCLOSURE OF DEALINGS PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 IN RESPECT OF THE CONDITIONAL TAKE-OVER OFFER BY OSK INVESTMENT BANK BERHAD ("OSK") ON BEHALF OF JOHOR CORPORATION ("JCORP") AND JOHOR LOGISTICS SDN BHD ("JLSB") (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN DAMANSARA REALTY BERHAD ("DBHD SHARES") ("OFFER SHARES") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.80 PER OFFER SHARE
Contents: Pursuant to Section 36 of the Malaysian Code on Take-Overs and Mergers, 1998 and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, DBhd wishes to announce that Johor Corporation (JCorp) , being one of the Joint Offerors, has dealt in the DBhd Shares for its own account. The details of the shares transacted are as follows :-
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: DISCLOSURE OF DEALINGS PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 IN RESPECT OF THE CONDITIONAL TAKE-OVER OFFER BY OSK INVESTMENT BANK BERHAD ("OSK") ON BEHALF OF JOHOR CORPORATION ("JCORP") AND JOHOR LOGISTICS SDN BHD ("JLSB") (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN DAMANSARA REALTY BERHAD ("DBHD SHARES") ("OFFER SHARES") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.80 PER OFFER SHARE
Contents: Pursuant to Section 36 of the Malaysian Code on Take-Overs and Mergers, 1998 and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, DBhd wishes to announce that Johor Corporation (JCorp) , being one of the Joint Offerors, has dealt in the DBhd Shares for its own account. The details of the shares transacted are as follows :-
KEURO - KEURO-Unusual Market Activity ("UMA") query by Bursa Securities
Announcement Type: Listing Circular
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Subject: KEURO-Unusual Market Activity ("UMA") query by Bursa Securities
Contents: Bursa Malaysia Securities Berhad has on 4 June 2010 issued an UMA query on the trading of the Company's shares.
In this respect, investors are advised to take note of the Company's reply to the above UMA query which will be posted at Bursa Malaysia's website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the sharp rise in price in your Company's shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR"), you are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate development relating to your Group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion. If yes, kindly provide the details including the status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Subject: KEURO-Unusual Market Activity ("UMA") query by Bursa Securities
Contents: Bursa Malaysia Securities Berhad has on 4 June 2010 issued an UMA query on the trading of the Company's shares.
In this respect, investors are advised to take note of the Company's reply to the above UMA query which will be posted at Bursa Malaysia's website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the sharp rise in price in your Company's shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR"), you are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate development relating to your Group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion. If yes, kindly provide the details including the status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
KEURO - KUMPULAN EUROPLUS ERHAD ("KEURO" or "the Company") UNUSUAL MARKET ACTIVITY
Announcement Type: General Announcement
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100604-35128
Subject: KUMPULAN EUROPLUS ERHAD ("KEURO" or "the Company")
UNUSUAL MARKET ACTIVITY
Contents: Contents:
We refer to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 4 June 2010 to the Company in connection with the sharp rise in price in the Company's shares recently.
Having made due enquiries with our Directors and major shareholders of the Company, we wish to reply as follows -
1. There is no corporate development relating to the Group's business and affairs that has not been previously announced that may account for the unusual market activity
2. We are aware that there are market rumours on the development of West Coast Expressway ("WCE") but we would like to draw attention to our periodic update on WCE in our quarterly interim announcements and in particular the Company's Audited Report and Financial Statements as at 31 January 2010 which was released on 31 May 2010.
3. We are not aware of any other possible explanation to account for the unusual market activity.
4. We are not aware of any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Main LR of Bursa Securities.
This Announcement is dated 4 June 2010.
Query Letter Content:
We draw your attention to the sharp rise in price in your Company's shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual market Activity pursuant to paragraph 9.11 of the main Market Listing Requirement of Bursa Malaysia Securities Berhad ("Main LR"), you are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company's shares.
In this respect, you are also required to publicly confirm amongst others the following :-
1. whether there is any corporate development relating to your Group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion.If yes, kindly provide the details including the status of the corporate development to enable investors to make informed investment decision.
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Yours faithfully
MARZUKI MAIDIN
Senior Manager,Issuers
Listing Division
Regulation
MZM/RSA
Query Letter content: We draw your attention to the sharp rise in price in your Company's shares
recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to paragraph 9.11 of the Main Market Listing
Requirements of Bursa Malaysia Securities Berhad ("Main LR"), you are requested
to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an
announcement for public release after making due enquiry with your directors
and major shareholders seeking the cause of the unusual market activity in the
Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the
following:-
1. whether there is any corporate development relating to your Group's
business and affairs that has not been previously announced that may account
for the unusual market activity including those in the stage of negotiation /
discussion. If yes, kindly provide the details including the status of the
corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of
the Group that may account for the unusual market activity and in this
respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main
LR;
3. whether you are aware of any other possible explanation to account for the
unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main
LR on immediate disclosure obligations.
Page 2/-
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
Yours faithfully
MARZUKI MAIDIN
Senior Manager, Issuers
Listing Division
Regulation
MZM/RSA
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100604-35128
Subject: KUMPULAN EUROPLUS ERHAD ("KEURO" or "the Company")
UNUSUAL MARKET ACTIVITY
Contents: Contents:
We refer to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 4 June 2010 to the Company in connection with the sharp rise in price in the Company's shares recently.
Having made due enquiries with our Directors and major shareholders of the Company, we wish to reply as follows -
1. There is no corporate development relating to the Group's business and affairs that has not been previously announced that may account for the unusual market activity
2. We are aware that there are market rumours on the development of West Coast Expressway ("WCE") but we would like to draw attention to our periodic update on WCE in our quarterly interim announcements and in particular the Company's Audited Report and Financial Statements as at 31 January 2010 which was released on 31 May 2010.
3. We are not aware of any other possible explanation to account for the unusual market activity.
4. We are not aware of any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Main LR of Bursa Securities.
This Announcement is dated 4 June 2010.
Query Letter Content:
We draw your attention to the sharp rise in price in your Company's shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual market Activity pursuant to paragraph 9.11 of the main Market Listing Requirement of Bursa Malaysia Securities Berhad ("Main LR"), you are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company's shares.
In this respect, you are also required to publicly confirm amongst others the following :-
1. whether there is any corporate development relating to your Group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion.If yes, kindly provide the details including the status of the corporate development to enable investors to make informed investment decision.
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Yours faithfully
MARZUKI MAIDIN
Senior Manager,Issuers
Listing Division
Regulation
MZM/RSA
Query Letter content: We draw your attention to the sharp rise in price in your Company's shares
recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to paragraph 9.11 of the Main Market Listing
Requirements of Bursa Malaysia Securities Berhad ("Main LR"), you are requested
to furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with an
announcement for public release after making due enquiry with your directors
and major shareholders seeking the cause of the unusual market activity in the
Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the
following:-
1. whether there is any corporate development relating to your Group's
business and affairs that has not been previously announced that may account
for the unusual market activity including those in the stage of negotiation /
discussion. If yes, kindly provide the details including the status of the
corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of
the Group that may account for the unusual market activity and in this
respect, you are required to comply with paragraphs 9.09 and 9.10 of the Main
LR;
3. whether you are aware of any other possible explanation to account for the
unusual market activity; and
4. your compliance with the Main LR, in particular paragraph 9.03 of the Main
LR on immediate disclosure obligations.
Page 2/-
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
Yours faithfully
MARZUKI MAIDIN
Senior Manager, Issuers
Listing Division
Regulation
MZM/RSA
KEURO - KEURO-Trading Halt
Announcement Type: Listing Circular
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Subject: KEURO-Trading Halt
Contents: Kindly be advised that trading in the above Company's shares has been halted with effect from 3.51 p.m., Friday, 4 June 2010. Trading in the Company's shares will resume with effect from 9.00 a.m. Monday, 7 June 2010.
Your attention is drawn to the Company's announcement dated 4 June 2010.
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 04/06/2010
Announcement Detail:
Subject: KEURO-Trading Halt
Contents: Kindly be advised that trading in the above Company's shares has been halted with effect from 3.51 p.m., Friday, 4 June 2010. Trading in the Company's shares will resume with effect from 9.00 a.m. Monday, 7 June 2010.
Your attention is drawn to the Company's announcement dated 4 June 2010.
MAS - General Announcement
Announcement Type: General Announcement
Company Name: MALAYSIAN AIRLINE SYSTEM BERHAD
Stock Name: MAS
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" or "the Company")
Proposed Grant of Additional Options Under the "MAS Employee Share Option Scheme 2007" ("MAS ESOS") to Tengku Dato' Azmil Zahruddin bin Raja Abdul Aziz, the Managing Director and Chief Executive Officer of MAS
Contents: MAS wishes to announce that the Company proposes to offer and grant to Tengku Dato' Azmil Zahruddin bin Raja Abdul Aziz, the Managing Director and Chief Executive Officer of the Company, additional options ("Options") to subscribe for up to 11,889,000 new shares under the MAS ESOS, subject to the terms and conditions of and/or any adjustment that may be made in accordance with the provisions of the By-Laws.
The Proposed Grant is within the MAS ESOS limit (i.e. 10% of total issued and paid-up share capital) that was previously approved by the shareholders in 2007. Until the Options to be granted are exercised, the Proposed Grant will not have an immediate effect on the Company's existing issued and paid-up share capital. The Company's issued and paid-up capital will increase as more new shares are issued pursuant to the exercise of the Options granted under the Proposed Grant. The Proposed Grant is not expected to have significant effects on the shareholdings of the major shareholders, net assets, gearing and dividend policy or have any adverse financial effect on the MAS Group.
The Proposed Grant is expected to have an impact on the earnings and earnings per share of the MAS Group in view of the adoption of FRS2 "Share-Based Payment". According to FRS2, the cost arising from the issuance of Options will be measured by the fair value of the Options at the grant date, which is expected to vest, thereby reducing the earnings of the Group. The charge will be recognised over the vesting period i.e. the period where the Options are exercisable. The fair value of the Options will be considered using a valuation model to be determined by the MAS Board.
None of the Directors (other than the Managing Director and Chief Executive Officer) and/or substantial shareholders and persons connected to or with the Directors and substantial shareholders have any interest, direct or indirect, in the Proposed Grant. The Managing Director and Chief Executive Officer has accordingly declared his interests with respect to the Proposed Grant. He has abstained and will continue to abstain from all Board deliberation in relation to the Proposed Grant. He will also abstain from voting in respect of his direct and indirect shareholdings and has undertaken to ensure that persons connected with him shall also abstain from voting in respect of their direct and indirect shareholdings, on the resolution in relation to the Proposed Grant at the Company's forthcoming Extraordinary General Meeting.
Company Name: MALAYSIAN AIRLINE SYSTEM BERHAD
Stock Name: MAS
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" or "the Company")
Proposed Grant of Additional Options Under the "MAS Employee Share Option Scheme 2007" ("MAS ESOS") to Tengku Dato' Azmil Zahruddin bin Raja Abdul Aziz, the Managing Director and Chief Executive Officer of MAS
Contents: MAS wishes to announce that the Company proposes to offer and grant to Tengku Dato' Azmil Zahruddin bin Raja Abdul Aziz, the Managing Director and Chief Executive Officer of the Company, additional options ("Options") to subscribe for up to 11,889,000 new shares under the MAS ESOS, subject to the terms and conditions of and/or any adjustment that may be made in accordance with the provisions of the By-Laws.
The Proposed Grant is within the MAS ESOS limit (i.e. 10% of total issued and paid-up share capital) that was previously approved by the shareholders in 2007. Until the Options to be granted are exercised, the Proposed Grant will not have an immediate effect on the Company's existing issued and paid-up share capital. The Company's issued and paid-up capital will increase as more new shares are issued pursuant to the exercise of the Options granted under the Proposed Grant. The Proposed Grant is not expected to have significant effects on the shareholdings of the major shareholders, net assets, gearing and dividend policy or have any adverse financial effect on the MAS Group.
The Proposed Grant is expected to have an impact on the earnings and earnings per share of the MAS Group in view of the adoption of FRS2 "Share-Based Payment". According to FRS2, the cost arising from the issuance of Options will be measured by the fair value of the Options at the grant date, which is expected to vest, thereby reducing the earnings of the Group. The charge will be recognised over the vesting period i.e. the period where the Options are exercisable. The fair value of the Options will be considered using a valuation model to be determined by the MAS Board.
None of the Directors (other than the Managing Director and Chief Executive Officer) and/or substantial shareholders and persons connected to or with the Directors and substantial shareholders have any interest, direct or indirect, in the Proposed Grant. The Managing Director and Chief Executive Officer has accordingly declared his interests with respect to the Proposed Grant. He has abstained and will continue to abstain from all Board deliberation in relation to the Proposed Grant. He will also abstain from voting in respect of his direct and indirect shareholdings and has undertaken to ensure that persons connected with him shall also abstain from voting in respect of their direct and indirect shareholdings, on the resolution in relation to the Proposed Grant at the Company's forthcoming Extraordinary General Meeting.
MUIIND - Listing Circular
Announcement Type: Listing Circular
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 04/06/2010
Announcement Detail:
Subject: MUIIND-Conversion of RM136,194.00 nominal value of Class A1 Irredeemable Convertible Unsecured Loan Stocks ("ICULS-A1") into 136,194 new ordinary shares ("Conversion of ICULS-A1")
Contents: Kindly be advised that the abovementioned Company's additional 136,194 new ordinary shares of RM1.00 each arising from the aforesaid Conversion of ICULS-A1 will be granted listing and quotation with effect from 9.00 a.m., Monday, 7 June 2010.
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 04/06/2010
Announcement Detail:
Subject: MUIIND-Conversion of RM136,194.00 nominal value of Class A1 Irredeemable Convertible Unsecured Loan Stocks ("ICULS-A1") into 136,194 new ordinary shares ("Conversion of ICULS-A1")
Contents: Kindly be advised that the abovementioned Company's additional 136,194 new ordinary shares of RM1.00 each arising from the aforesaid Conversion of ICULS-A1 will be granted listing and quotation with effect from 9.00 a.m., Monday, 7 June 2010.
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