Investor Relations
Announcements

Date: 09 January 2018

GLOMAC - Notice of Bonus Entitlement

 

Bonus issue of up to 74,817,531 new ordinary shares in Glomac Berhad ("Glomac") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 10 existing ordinary shares held in Glomac ("Glomac Share(s)" or "Share(s)") at 5.00 p.m. on 18 January 2018.

Kindly be advised of the following :

1)    The above Company's securities will be traded and quoted "[Ex-Bonus Issue]" as from: 16 Jan 2018
2)    The last date of lodgment : 18 Jan 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/11>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <9.09%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/11>, 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 18 January 2018 with Bonus issue of GLOMAC shares, any shareholder who is entitled to receive GLOMAC Bonus issue shares, may sell any or all of his GLOMAC shares arising from the Bonus issue beginning the Ex-Date (16 January 2018).

For example, if Mr X purchases 100 GLOMAC shares on cum basis on 15 January 2018, Mr X should receive 100 shares on 18 January 2018. As a result of the Bonus issue, a total of 110 GLOMAC shares will be credited into Mr X's CDS account on the night of 18 January 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 110 on or after the Ex-Date ie from 16 January 2018 onwards." 

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 19 January 2018, being 1 market day after the Entitlement Date. The share registrar of Glomac will issue and despatch notices of allotment of the Bonus Shares to all entitled shareholders of Glomac within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

 

 



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