SUPERMX - General Announcement
Announcement Type: General Announcement
Company Name: SUPERMAX CORPORATION BERHAD
Stock Name: SUPERMX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Supermax Corporation Berhad ("Supermax" or the "Company")
- American Depositary Receipt ("ADR") Sponsored Level-1 Program for Supermax pursuant to Paragraph 9.19(42) of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
Contents: Pursuant to Paragraph 9.19(42) of the Listing Requirements of Bursa Securities, the Board of Directors of Supermax is pleased to announce that a Sponsored Level-1 ADR Program, which is a program to facilitate the trading of Supermax's shares by investors in the United States of America ("the US"), has been declared effective by the Securities and Exchange Commission of the US on 20 December 2010.
The Bank of New York Mellon has been appointed as the depository bank for the ADR Program with Malayan Banking Berhad as the custodian of Supermax's shares in Malaysia for the ADR. The total number of shares that can be purchased under the ADR shall not exceed 5% of the total issued and paid-up capital of Supermax at any point in time. As at 17 December 2010, the total number of Supermax shares in issue is 340,077,440.
The ADR program is anticipated to enhance the visibility of the Company in the US, as well as, to increase the awareness on the Company among US brokers, analysts and investors as the ADR program provides an avenue for US investors to access to Supermax's shares, thereby allowing the Company to broaden its' foreign shareholders base in addition to increasing its' shareholders diversity.
This announcement is dated 20 December 2010.
Company Name: SUPERMAX CORPORATION BERHAD
Stock Name: SUPERMX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Supermax Corporation Berhad ("Supermax" or the "Company")
- American Depositary Receipt ("ADR") Sponsored Level-1 Program for Supermax pursuant to Paragraph 9.19(42) of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
Contents: Pursuant to Paragraph 9.19(42) of the Listing Requirements of Bursa Securities, the Board of Directors of Supermax is pleased to announce that a Sponsored Level-1 ADR Program, which is a program to facilitate the trading of Supermax's shares by investors in the United States of America ("the US"), has been declared effective by the Securities and Exchange Commission of the US on 20 December 2010.
The Bank of New York Mellon has been appointed as the depository bank for the ADR Program with Malayan Banking Berhad as the custodian of Supermax's shares in Malaysia for the ADR. The total number of shares that can be purchased under the ADR shall not exceed 5% of the total issued and paid-up capital of Supermax at any point in time. As at 17 December 2010, the total number of Supermax shares in issue is 340,077,440.
The ADR program is anticipated to enhance the visibility of the Company in the US, as well as, to increase the awareness on the Company among US brokers, analysts and investors as the ADR program provides an avenue for US investors to access to Supermax's shares, thereby allowing the Company to broaden its' foreign shareholders base in addition to increasing its' shareholders diversity.
This announcement is dated 20 December 2010.
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