Notice Of Bonus Entitlement
1) Bonus issue of up to 169,423,613 new ordinary shares in Salcon Berhad ("Salcon") ("Bonus Shares") on the basis of 1 Bonus Share for every 4 existing ordinary shares held in Salcon ("Bonus Issue").
2) Issue of up to 338,847,226 free warrants in Salcon Berhad ("Salcon") ("Warrants") on the basis of 1 Warrant for every 2 existing ordinary shares held in Salcon ("Free Warrants Issue").
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 12 Jul 2018
2) The last date of lodgment : 16 Jul 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 <1/5>, 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 16 July 2018 with bonus issue of SALCON shares, any shareholder who is entitled to receive SALCON bonus issue shares, may sell any or all of his SALCON shares arising from the bonus issue beginning the Ex-Date (12 July 2018).
For example, if Mr X purchases 400 SALCON shares on cum basis on 11July 2018, Mr X should receive 400 shares on 16 July 2018. As a result of the bonus issue, a total of 500 SALCON shares will be credited into Mr X's CDS account on the night of 16 July 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 500 on or after the Ex-Date ie from 12 July 2018 onwards."
Remarks 2:- Arising from the migration to the no par value regime under the Companies Act, 2016, par value is no longer relevant. Any fractional entitlements that may arise from the Bonus Issue shall be disregarded and dealt with in such manner as the Board of Directors of Salcon shall in its absolute discretion deem fit or expedient and in the best interest of Salcon. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 17 July 2018, being the next market day after the entitlement date for the Bonus Issue. The notices of allotment of the Bonus Shares will be issued and despatched to the entitled shareholders of Salcon for the Bonus Issue within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad.
Remarks 3:- Fractional entitlements to the Warrants arising from the Free Warrants Issue, if any, shall be disregarded and dealt with in such manner as the Board of Directors of Salcon shall in its discretion deem fit or expedient, and in the best interest of Salcon. The Warrants will be listed and 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. The notices of allotment of the Warrants will be issued and despatched to the entitled shareholders of Salcon for the Free Warrants Issue within 8 market days from the entitlement date of the Bonus Issue.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 03 Jul 2018 |
| Category | Listing Circular |
| Reference Number | ILC-03072018-00003 |