MULPHA - Notice of Book Closure

Share consolidation involving the consolidation of every 10 existing ordinary shares in Mulpha International Bhd ("Mulpha") into 1 ordinary share in Mulpha ("Consolidated Share(s)") ("Share Consolidation").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 28 Jun 2017
2)  The last date of lodgment : 30 Jun 2017

Remarks 1: Participating Organisations are to take note of the following Share Consolidation exercise by MULPHA INTERNATIONAL BERHAD.

The Share Consolidation comprises the following:- 

SHARE CONSOLIDATION INVOLVING THE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MULPHA INTERNATIONAL BHD ("MULPHA") INTO 1 ORDINARY SHARE IN MULPHA ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") 

In relation to the Share Consolidation undertaken by MULPHA as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 28 June 2017, trading of MULPHA shares will be based on the newly adjusted share after the Share Consolidation of MULPHA shares,

(b) on the basis of settlement taking place after 30 June 2017 with consolidated MULPHA shares , any entitled shareholder who owns MULPHA shares as at Ex-date may sell only up to the maximum MULPHA shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 28 June 2017.

With the adjustments pursuant to the Share Consolidation effected on MULPHA shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled MULPHA shareholder may use the following basis to estimate the maximum number of MULPHA shares that he may sell from the Ex-date until the Book Closing Date which is from 28 June 2017 until 30 June 2017.

    Number of MULPHA shares that may be sold         =                      Number of shares held x 0.10

    on 28 June 2017 until 30 June 2017                                    (All fractional shares computed should be disregarded)       

Illustration:

For example, if Mr X owns or purchases 1000 MULPHA shares on cum basis on 23 June 2017, his CDS account would still show 1000 MULPHA shares  until 30 June 2017. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 MULPHA shares in his CDS account will be adjusted to 100 MULPHA shares on the night of 30 June 2017 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 100 MULPHA shares on or after the Ex-date i.e. from 28 June 2017 onwards. 

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 28 June 2017 until 30 June 2017, they are only entitled to sell the maximum of 10% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2:  The date of the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 3 July 2017, being the next market date immediately after the entitlement date. The share registrar of Mulpha will issue and despatch the notices of allotment of the Consolidated Shares to all the entitled shareholders of Mulpha within 4 market days after the date of the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Securities.