JOBST - JOBST - Notice of Book Closure
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 27 Apr 2015 |
| Category | Listing Circular |
| Reference Number | ILC-27042015-00001 |
SHARE CONSOLIDATION INVOLVING THE CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JOBSTREET CORPORATION BERHAD ("JCB") INTO ONE (1) NEW ORDINARY SHARE OF RM0.50 EACH IN JCB ("CONSOLIDATED SHARES") ("PROPOSED SHARE CONSOLIDATION").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex-Consolidation” as from: 30 Apr 2015
2) The last date of lodgment : 6 May 2015
Remarks 1):- Pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Consolidated Shares will be listed and quoted on 7 May 2015, being the next market day immediately after the entitlement date. The share register of JCB will issue and despatch the notices of allotment to all entitled shareholders of JCB within four (4) market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities. This announcement is dated 21 April 2015.
Remarks 2):- Participating Organisations are to take note of the following Share Consolidation exercise by JOBSTREET CORPORATION BERHAD.
The Share Consolidation comprises the following:-
SHARE CONSOLIDATION INVOLVING THE CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JOBSTREET CORPORATION BERHAD ("JCB") INTO ONE (1) NEW ORDINARY SHARE OF RM0.50 EACH IN JCB ("CONSOLIDATED SHARES") ("PROPOSED SHARE CONSOLIDATION")
In relation to the Share Consolidation undertaken by JOBST as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
a. on or after the Ex-date on 30 April 2015, trading of JOBST shares will be based on the newly adjusted share after the Share Consolidation of JOBST shares,
b. on the basis of settlement taking place on or after 6 May 2015 with consolidated JOBST shares of RM0.50 each, any entitled shareholder who owns JOBST shares as at Ex-date may sell only up to the maximum JOBST shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 30 April 2015.
With the adjustments pursuant to the Share Consolidation effected on JOBST shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled JOBST shareholder may use the following basis to estimate the maximum number of JOBST shares that he may sell from the Ex-date until the Book Closing Date which is from 30 April 2015 until 6 May 2015.
Number of JOBST shares that may be sold = Number of shares held X 0.20
sold on 30 April 2015 until 6 May 2015 (All fractional shares computed should be disregarded)
Illustration:
For example, if Mr X owns or purchases 1000 JOBST shares (of RM0.10 par value each) on cum basis on 29 April 2015, his CDS account would still show 1000 JOBST shares (of RM0.10 par value each)) until 6 May 2015. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 JOBST shares of RM0.10 each in his CDS account will be adjusted to 200 JOBST shares of RM0.50 each on the night of 6 May 2015 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 200 JOBST shares of RM0.50 each on or after the Ex-date i.e. from 30 April 2015 onwards.
Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 30 April 2015 until 6 May 2015, 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.
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