Announcement Type: Listing Circular
1) Bonus issue of 21,684,001 new ordinary shares of RM1.00 each in LTKM Berhad ("LTKM") ("Bonus Share(s)") to be credited as fully paid-up, on the basis of 1 Bonus Share for every 2 existing ordinary shares of RM1.00 each held in LTKM.
2) Share split involving the subdivision of every 1 existing ordinary share of RM1.00 each held in LTKM Berhad ("LTKM") ("LTKM Share(s)") into 2 new ordinary shares of RM0.50 each in LTKM ("Subdivided Shares") ("Share Split").
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “<Ex-All>” as from: 26 Jun 2015
2) The last date of lodgment : 30 Jun 2015
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct<1/3>, of Selling Price against the Selling Client
b) Buying Broker to deduct <33.33%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.
Remarks 1) :- The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Main Market") on 1 July 2015, being the next market day after the entitlement date. LTKM's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of LTKM on the entitlement date within 4 market days after the date the Bonus Shares are listed and quoted on the Main Market. This announcement is dated 15 June 2015.
Remarks 2) :- LTKM is also implementing a bonus issue of 21,684,001 new LTKM Shares ("Bonus Share(s)") to be credited as fully paid-up, on the basis of 1 Bonus Share for every 2 existing LTKM Shares held at the close of business on 30 June 2015 ("Bonus Issue"). The Bonus Shares to be received by all the entitled shareholders will also be subject to the Share Split. The Share Split will be implemented immediately upon the completion of the Bonus Issue. The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Main Market") on 1 July 2015, being the next market day after the entitlement date. LTKM's share registrar is expected to issue and despatch the notices of allotment for the Subdivided Shares to the entitled shareholders whose names appear in the Record of Depositors of LTKM on the entitlement date within 4 market days after the date the Subdivided Shares are listed and quoted on the Main Market. This announcement is dated 15 June 2015.
Remarks 3) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 1 July 2015 with Bonus issue and Share split of LTKM shares of RM 0.50 each, any shareholder who is entitled to receive LTKM Bonus issue and Share split shares, may now sell any or all of his LTKM shares arising from the Bonus issue and Share split beginning the Ex-Date (26 June 2015).
For example, if Mr X purchases 200 LTKM shares on cum basis on 25 June 2015, Mr X should receive 200 shares on 30 June 2015. As a result of the Bonus issue and Share split, a total of 600 LTKM shares will be credited into Mr X's CDS account on the night of 30 June 2015 being the Book Closing Date. Therefore, Mr X can sell the Bonus issue and Share split shares of 600 on or after the Ex-Date ie from 26 June 2015 onwards."
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