KERJAYA PROSPEK GROUP BERHAD (122592 - U)
 
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INVESTOR RELATIONS   ANNOUNCEMENTS

Date : 04 October 2002

Others

Amended Announcements
Please refer to the earlier announcement reference number: MM-020927-44583

IOI CORPORATION BERHAD

EX-date11/10/2002
Entitlement date15/10/2002
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement description:Capital Distribution of up to 41,350,579 ordinary shares of RM1.00 each ("Share") of Palmco Holdings Berhad ("Palmco") on the basis of one (1) Palmco Share for every twenty-four (24) ordinary shares of RM0.50 each in IOI Corporation Berhad ("Capital Distribution")
Period of interest payment to
For year ending/Period ending/ended
Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the entitlements
to
Registrar's name ,address, telephone no:PFA Registration Services Sdn Bhd
1301, Level 13, Uptown 1
No.1, Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Payment date
a) Securities transferred into the Depositor's Securities Account before 12:30 pm in respect of ordinary transfers15/10/2002 
b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit11/10/2002 
c) Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 24
Rights Issues/Offer Price

Remarks :
Reference is made to the announcements on the Notice of Book Closure made on 26 September 2002 and 27 September 2002 and IOI's circular to shareholders dated 14 June 2002 ("Circular").

On behalf of the Company, AmMerchant Bank Berhad (formerly known as Arab-Malaysian Merchant Bank Berhad) wish to clarify that pursuant to the resolution on the placement arrangements ("Placement Arrangements") for Directors, Major Shareholders and Associates (as defined in the Circular) and the Non-Board Lot Shareholders (as defined in the Circular) approved by shareholders of IOI on 8 July 2002, shareholders of IOI holding less than 24,000 shares of IOI on the entitlement date will not receive Palmco Shares under the Capital Distribution. Instead, they would be receiving the proceeds from the Placement Arrangements for the Palmco Shares which they would otherwise receive under the Capital Distribution.

For the purpose of the determination of the entitlement, shareholders with more than one (1) CDS account will not be consolidated for the purpose of the calculation of entitlement. Shareholders of IOI whose shareholdings may result in non-board lots of Palmco Shares as a result of holding more than one (1) CDS account may consider consolidating their respective IOI Shares into one (1) CDS account prior to entitlement date in order for them to receive Palmco Shares under the Capital Distribution.

As stated in the Circular, the price for the placement of the Palmco Shares pursuant to the Placement Arrangements shall be not less than RM4.45, being IOI's average cost of investment for each of the Palmco Shares to be distributed under the Capital Distribution.

Notwithstanding the above, shareholders of IOI who wish to receive the distributed Palmco Shares pursuant to the Capital Distribution instead of benefiting through the Placement Arrangements may purchase sufficient additional IOI shares on the market prior to the entitlement date and time stated above.

This announcement is dated 4 October 2002.


Announcement Info

Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP    
Date Announced4 Oct 2002  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-021004-40999

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