Bursa
Announcement

Announcement


Date : 20 December 2017

JFTECH - Notice of Bonus Entitlement

JF TECHNOLOGY BERHAD

BONUS ISSUE OF NEW ORDINARY SHARES IN JF TECH ("JF TECH SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING JF TECH SHARES HELD AT 5:00 P.M. ON 29 DECEMBER 2017 ("BONUS ISSUE").

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 27 Dec 2017
2)    The last date of lodgment : 29 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 <2/3>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <40%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <2/3>, 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 29 December 2017 with bonus issue of JFTECH shares, any shareholder who is entitled to receive JFTECH bonus issue shares, may sell any or all of his JFTECH shares arising from the bonus issue beginning the Ex-Date (27 December 2017).

For example, if Mr X purchases 300 JFTECH  shares on cum basis on 26 December 2017, Mr X should receive 300 shares on 29 December 2017. As a result of the bonus issue, a total of 500 JFTECH shares will be credited into Mr X's CDS account on the night of 29 December  2017 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 500 on or after the Ex-Date ie from 27 December 2017 onwards."

Remarks 2:- Par value is no longer relevant arising from the migration to the no par value regime under the Companies Act 2016. Fractional entitlements, arising from the Bonus Issue, if any, will be disregarded and shall be dealt with by the Board of JF Tech in such manner at its absolute discretion as it may deem fit and expedient in order to minimise the incidence of odd lots and in the best interest of the Company. Shareholders' approval for the Bonus Issue was obtained on 7 December 2017. The Bonus Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 2 January 2018, being the next market day after the Entitlement Date. The Share Registrar of JF Tech will issue and despatch notice of allotment to all entitled shareholders of JF Tech within 4 market days after the date of listing of and quotation for the Bonus Shares on the ACE Market of Bursa Malaysia Securities Berhad.

Shareholders' approval for the Bonus Issue was obtained on 7 December 2017. The Bonus Shares will be listed and quoted on 2 January 2017, being the next market day after the book closure date. The Share Registrar of JF Tech will issue and despatch notice of allotment to all entitled shareholders of JF Tech within 4 market days after the date of listing of and quotation for the Bonus Shares on the ACE Market of Bursa Malaysia Securities Berhad. This announcement is dated 13 December 2017


Announcement Info

Company Name JF TECHNOLOGY BERHAD
Stock Name JFTECH
Date Announced 20 Dec 2017
Category Listing Circular
Reference Number ILC-20122017-00003
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