Announcements
Announcements
Date: 05 May 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES CYPARK RESOURCES BERHAD ("CRB" OR "COMPANY") - DIVIDEND REINVESTMENT SCHEME ("DRS") ON THE FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 OCTOBER 2016 ("FINAL DIVIDEND")


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description CYPARK RESOURCES BERHAD ("CRB" OR "COMPANY") - DIVIDEND REINVESTMENT SCHEME ("DRS") ON THE FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 OCTOBER 2016 ("FINAL DIVIDEND")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in CRB's announcements dated 13 February 2017, 12 April 2017 and 14 April 2017.

Reference is made to the Company's announcements dated 13 February 2017, 12 April 2017 and 14 April 2017 in relation to the DRS.

On behalf of the Board, PIVB wishes to announce that the issue price of the new CRB Shares to be issued pursuant to the DRS, which is applicable to the entire Final Dividend, has been fixed today ("Price Fixing Date") at RM2.18 per new CRB Share ("Issue Price").

The Issue Price represents a discount of RM0.2393 or approximately 9.89% to the theoretical ex-dividend volume weighted average market price ("VWAP") of approximately RM2.4193, which was arrived at after taking into consideration the five (5)-day VWAP up to and including 4 May 2017, being the last trading day prior to the Price Fixing Date of RM2.4713 per CRB Share and the Final Dividend of RM0.052 per CRB Share.

The entitlement date pursuant to the Final Dividend and the DRS has been fixed on 23 May 2017.

Barring any unforeseen circumstances, the new CRB Shares arising from the DRS will be listed on the Main Market of Bursa Securities on 23 June 2017.

This announcement is dated 5 May 2017.





Back