Announcements
Announcements
Date: 14 May 2018

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 2017 ("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 2017 ("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 2 February 2018, 10 April 2018 and 16 April 2018.

 

Reference is made to the Company's announcements dated 2 February 2018, 10 April 2018 and 16 April 2018 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 RM0.2371 or approximately 9.81% to the theoretical ex-dividend volume weighted average market price ("VWAP") of approximately RM2.4171, which was arrived at after taking into consideration the five (5)-day VWAP up to and including 8 May 2018, being the last trading day prior to the Price Fixing Date of RM2.4731 per CRB Share and the Final Dividend of RM0.056 per CRB Share.

 

The entitlement date pursuant to the Final Dividend and the DRS has been fixed on 30 May 2018.

 

Barring any unforeseen circumstances, the new CRB Shares arising from the DRS will be listed on the Main Market of Bursa Securities on 29 June 2018.

 

This announcement is dated 14 May 2018.





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