Dividend in specie
BOUSTEAD HOLDINGS BERHAD |
EX-date | 11/10/2011 |
Entitlement date | 13/10/2011 |
Entitlement time | 05:00:00 PM |
Entitlement subject | Dividend in specie |
Entitlement description | Distribution of dividends by Boustead Holdings Berhad ("BHB") of a gross value of RM94,016,250 comprising ordinary shares of RM1.00 each in Pharmaniaga Berhad ("Pharmaniaga Share(s)") and cash to the shareholders of BHB on the basis of 1 Pharmaniaga Share for every 57.5 ordinary shares of RM0.50 in BHB ("BHB Shares") held ("Dividend-In-Specie") |
Period of interest payment | to |
Financial Year End | 31/12/2011 |
Share transfer book & register of members will be | 13/10/2011 to 13/10/2011 closed from (both dates inclusive) for the purpose of determining the entitlements |
Registrar's name ,address, telephone no | Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel: 2264 3883 |
Payment date | |
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 13/10/2011 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
Number of new shares/securities issued (units) (If applicable) | |
Entitlement indicator | Ratio |
Ratio | 100 : 5750 |
Rights Issues/Offer Price |
Remarks : |
Pursuant to the Dividend-In-Specie, entitled shareholders of BHB will receive 1 lot of 100 Pharmaniaga Shares for every 5,750 BHB Shares held as at 5.00 p.m. on the Entitlement Date. Shareholders of BHB who hold 5,750 or more BHB Shares will receive their entitlement under the Dividend-In-Specie in the form of Pharmaniaga Shares. Shareholders of BHB who hold less than 5,750 BHB Shares will receive cash of RM5.75 per Pharmaniaga Share ("Cash Entitlement") in lieu of their entitlement to Pharmaniaga Shares under the Dividend-In-Specie. In determining shareholders' entitlements under the Dividend-In-Specie, fractional entitlements (if any) that may arise from the Dividend-In-Specie is intended to be rounded down, however, the board of directors of BHB ("Board") shall in their absolute discretion deal with the said fractional entitlements (if any) as the Board thinks expedient and in the best interest of BHB. Subject to the approval of Bursa Malaysia Depository Sdn Bhd for the transfer of Pharmaniaga Shares under the Dividend-In-Specie by bulk transfer method, the Pharmaniaga Shares to be distributed under the Dividend-In-Specie will be credited into the entitled shareholders' central depository (CDS) account. Barring unforeseen circumstances, BHB intends to distribute the Pharmaniaga Shares and make payment of the Cash Entitlement pursuant to the terms of the Dividend-In-Specie within 30 days from the Entitlement Date. |
Announcement Info
Company Name | BOUSTEAD HOLDINGS BERHAD |
Stock Name | BSTEAD |
Date Announced | 29 Sept 2011 |
Category | Entitlements (Notice of Book Closure) |
Reference No | MI-110907-60408 |