ECONBHD - Notice of Book Closure

1) Share split involving the subdivision of every one (1) existing ordinary share in Econpile Holdings Berhad ("Econpile" or the "Company") ("Econpile Share") into two (2) Econpile Shares ("Split Shares") at 5.00 p.m. on 28 December 2017 ("Entitlement Date") ("Share Split")

2) Bonus issue of 267,500,005 new split ordinary shares in Econpile Holdings Berhad ("Econpile" or the "Company") ("Bonus Shares") to be credited as fully paid-up on the basis of one (1) Bonus Shares for every four (4) split ordinary shares held by the entitled shareholders of Econpile as at 5.00 p.m. on 28 December 2017 ("Entitlement Date") ("Bonus Issue of Shares").

3) Bonus issue of 267,500,005 free warrants in Econpile Holdings Berhad ("Econpile" or the "Company") ("Warrants") on the basis of one (1) Warrants for every (4) split ordinary shares held by the entitled shareholders of Econpile as at 5.00 p.m. on 28 December 2017 ("Entitlement Date") ("Bonus Issue of Shares").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - All” as from: 26 Dec 2017
2)  The last date of lodgment : 28 Dec 2017.

3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<1/5>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <20%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <1/5>, of the Transacted Price is applicable.

Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 28 December  2017 with Share split and Bonus issue of ECONBHD shares. Any shareholder who is entitled to receive ECONBHD Share split and Bonus issue shares, may now sell any or all of his ECONBHD shares arising from the Share split and Bonus issue beginning the Ex-Date (26 December 2017).  

For example, if Mr X purchases 100 ECONBHD shares on cum basis on 22 December 2017, Mr X should receive 100 shares on 28 December 2017. As a result of the Share split and Bonus issue, a total of 250 ECONBHD shares will be credited into Mr X's CDS account on the night of 28 December 2017 being the Book Closing Date. Therefore, Mr X can sell the Share split and Bonus issue shares of 250 on or after the Ex-Date ie from 26 December 2017 onwards."

Remarks 2:- Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements. Shareholders are advised to read this notice of book closure together with the Company's announcements dated 11 December 2017 in relation to the notice of book closure for the Bonus Shares and Warrants. The Split Shares will be listed and quoted concurrently with the Bonus Shares on the Main Market of Bursa Securities on 29 December 2017, being the next market day immediately after the Entitlement Date. Econpiles Share Registrar will issue and despatch the notices of allotment for the Split Shares to the entitled shareholders not later than 4 market days after the date of listing of and quotation for the Split Shares. Entitled shareholders are not required to take any action. Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.

Remarks 3:- Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements. Shareholders are advised to read this notice of book closure together with the Company's announcements dated 11 December 2017 in relation to the notice of book closure for the Split Shares and Warrants. The Bonus Shares will be listed and quoted concurrently with the Split Shares on the Main Market of Bursa Securities on 29 December 2017, being the next market day immediately after the Entitlement Date. Econpiles Share Registrar will issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders not later than 4 market days after the listing of and quotation for the Bonus Shares. Entitled shareholders are not required to take any action. Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.

Remarks 4:-  Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements. Shareholders are advised to read this notice of book closure together with the Company's announcements dated 11 December 2017 in relation to the notice of book closure for the Split Shares and Bonus Shares. The notice of allotment of the Warrants will be issued and despatched in due course to the entitled shareholders after the Entitlement Date. The Warrants will not be listed concurrently with the Split Shares and Bonus Shares and will be listed and quoted 2 market days after the receipt of the quotation application by Bursa Securities. Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant. This announcement is dated 11 December 2017.