Announcements

Date : 12 April 2018

PRTASCO - Notice of Bonus Entitlement

PROTASCO BERHAD

1) Bonus issue of up to 70,782,152 new ordinary shares in Protasco Berhad ("Protasco") ("Bonus Shares") on the basis of 1 Bonus Share for every 6 existing Protasco shares held by the entitled shareholders of Protasco whose names appear on the Record of Depositors of Protasco at 5.00 p.m. on 24 April 2018 ("Entitlement Date").

2) Bonus issue of up to 106,173,228 warrants ("Warrants") on the basis of 1 Warrant for every 4 existing ordinary shares of Protasco Berhad ("Protasco") held by the entitled shareholders of Protasco whose names appear on the Record of Depositors of Protasco at 5.00 p.m. on 24 April 2018 ("Entitlement Date").

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 20 April 2018
2)    The last date of lodgment : 24 April 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 <1/7>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <14.28%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/7>, 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 24 April 2018 with bonus issue of PRTASCO shares, any shareholder who is entitled to receive PRTASCO bonus issue shares, may sell any or all of his PRTASCO shares arising from the bonus issue beginning the Ex-Date (20 April 2018).

For example, if Mr X purchases 600 PRTASCO shares on cum basis on 19 April 2018, Mr X should receive 600 shares on 24 April 2018. As a result of the bonus issue, a total of 700 PRTASCO shares will be credited into Mr X's CDS account on the night of 24 April 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 700 on or after the Ex-Date ie from 20 April 2018 onwards."

Remarks 2: The Bonus Shares will be listed on the Main Market of Bursa Malaysia Securities Berhad on 25 April 2018 ("Listing Date"), being the next market day immediately after the Entitlement Date. The notice of allotment for the Bonus Shares will be issued and despatched to the entitled shareholders within 4 market days after the Listing Date. 

Remarks 3: The notices of allotment will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors not later than 4 market days after the date of listing and quotation of the Warrants. Entitled shareholders are not required to take any action. The Warrants will be quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within 2 market days after the application for the quotation of the Warrants is submitted to Bursa Securities. 


Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 12 Apr 2018
Category Listing Circular
Reference Number ILC-12042018-00004

Back