Announcements

Date : 17 November 2016

PRTASCO - Notice of Rights Entitlement (Ratio)

PROTASCO BERHAD

Bonus issue of up to 84,962,172 new ordinary shares of RM0.50 each in Protasco Berhad ("Protasco") ("Protasco Shares") ("Bonus Shares") to be credited as fully paid-up on the basis of one bonus share for every four existing Protasco Shares held as at 5.00 p.m. on 24 November 2016 ("Entitlement Date") ("Entitled Shareholders") ("Bonus Issue").

Kindly be advised of the following:

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 22 November 2016
2)    The last date of lodgment : 24 November  2016
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/5>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <20%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/5>, 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 November 2016 with bonus issue of PRTASCO shares of RM 0.50 each, 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 (22 November 2016).  

For example, if Mr X purchases 400 PRTASCO shares on cum basis on 21 November 2016, Mr X should receive 400 shares on 24 November 2016. As a result of the bonus issue, a total of 500 PRTASCO shares will be credited into Mr X's CDS account on the night of 24 November 2016 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 500 on or after the Ex-Date ie from 22 November 2016 onwards."

Remarks 2: The Bonus Issue will entail the issuance of up to 84,962,172 Bonus Shares to be credited as fully paid-up on the basis of one Bonus Share for every four existing Protasco Shares held by the Entitled Shareholders. The Bonus Shares will be listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 November 2016, being one market day after the Entitlement Date. Protasco's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four market days after the date of listing for the Bonus Shares on the Main Market of Bursa Securities. 

 


Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 17 Nov 2016
Category Listing Circular
Reference Number ILC-16112016-00002

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