Company Announcements

Date : 27 May 2011

LATITUD - NOTICE OF BONUS ENTITLEMENT

LATITUDE TREE HOLDINGS BERHAD

LISTING'S CIRCULAR NO. L/Q : 61294 OF 2011

    Bonus issue of 32,402,500 new ordinary shares of RM1.00 each in Latitude Tree Holdings Berhad (“LHTB”) (“Bonus Shares”) on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM1.00 each held in LTHB (“LTHB Shares”) as at 5.00 P.M. on 8 June 2011.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
    as from : [ 6 June 2011 ]

    2) The last date of lodgement : [ 8 June 2011 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 33.33% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.

    Remarks : "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 9 June 2011 with bonus issue of LATITUD shares of RM1.00 each, any shareholder who is entitled to receive LATITUD bonus issue shares, may sell any or all of his LATITUD shares arising from the bonus issue beginning the Ex-Date (6 June 2011).

    For example, if Mr X purchases 200 LATITUD shares on cum basis on 3 June 2011, Mr X should receive 200 shares on 8 June 2011. As a result of the bonus issue, a total of 300 LATITUD shares will be credited into Mr X's CDS account on the night of 8 June 2011 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 6 June 2011 onwards."


Announcement Info

Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD    
Date Announced27 May 2011  
CategoryListing Circular
Reference NoRN-110527-29750

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