Company: NV MULTI CORPORATION BHD
Stock Name: NVMULTI
Amount/Ratio: 10 : 3
Announcement Date: 18/02/2011
Ex Date: 02/03/2011
Detail:
EX-date: 02/03/2011
Entitlement date: 04/03/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Capital repayment by way of cash distribution on the basis of RM0.297 for each ordinary share of RM0.25 each in NV Multi Corporation Berhad ("NV Multi") ("NV Multi Shares") through the implementation of the following:
(I) Bonus issue of 76,740,200 new NV Multi Shares ("Bonus Shares"), to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing NV Multi Shares held at 5.00 p.m. on 4 March 2011 ("Entitlement Date") ("Bonus Issue");
(II) Consolidation of every four (4) NV Multi Shares (including the Bonus Shares) into one (1) ordinary share of RM1.00 each in NV Multi ("Consolidated Share") ("Consolidation"); and
(III) Reduction of the share capital of NV Multi (after the Bonus Issue and Consolidation) pursuant to Section 64 of the Companies Act, 1965 involving the cancellation of RM0.99 of the par value of RM1.00 for each Consolidated Share
(collectively referred to as the "Capital Repayment")
Period of interest payment: to
Share transfer book & register of members will be: to 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: 03-2264 3883
Fax: 03-2282 1886
Payment date: 11/03/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 04/03/2011
Entitlement indicator: Ratio
Ratio: 10 : 3
Remarks: Pursuant to Section 3.2, Part A of the circular to shareholders of NV Multi dated 27 November 2010, the entitled shareholders whose names appear in the Record of Depositors of NV Multi on the Entitlement Date will receive a Capital Repayment of RM0.297 for each NV Multi Share.
This Capital Repayment forms part of the distribution to the entitled shareholders of the cash proceeds arising from the disposal of the entire business and undertakings of NV Multi comprising the following:
(a) special dividend of RM0.483 (net of income tax) for each NV Multi Share, which was paid on 28 January 2011; and
(b) Capital Repayment of RM0.297 for each NV Multi Share, which is payable on 11 March 2011.
For information purposes, shareholders who hold 1,000 ordinary shares of RM0.25 each on the Entitlement Date will have their shares adjusted to 300 ordinary shares of RM0.01 each. As such, shareholders may trade only the 300 ordinary shares (30%) from the ex-date onwards.
Fractional entitlements, if any, arising from the Bonus Issue and Consolidation will be disregarded and will be dealt with by the Board of Directors of NV Multi ("Board") on such terms and at such time as the Board shall in its absolute discretion deem fit or expedient in the best interests of the Company.
There will not be any suspension in the trading of NV Multi Shares for the purposes of implementation of the Capital Repayment.
The listing of and quotation for the ordinary shares arising from the Capital Repayment on the Main Market of Bursa Malaysia Securities Berhad will commence with effect from 9.00 a.m. on 7 March 2011, being the next market day following the Entitlement Date.
Stock Name: NVMULTI
Amount/Ratio: 10 : 3
Announcement Date: 18/02/2011
Ex Date: 02/03/2011
Detail:
EX-date: 02/03/2011
Entitlement date: 04/03/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Capital repayment by way of cash distribution on the basis of RM0.297 for each ordinary share of RM0.25 each in NV Multi Corporation Berhad ("NV Multi") ("NV Multi Shares") through the implementation of the following:
(I) Bonus issue of 76,740,200 new NV Multi Shares ("Bonus Shares"), to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing NV Multi Shares held at 5.00 p.m. on 4 March 2011 ("Entitlement Date") ("Bonus Issue");
(II) Consolidation of every four (4) NV Multi Shares (including the Bonus Shares) into one (1) ordinary share of RM1.00 each in NV Multi ("Consolidated Share") ("Consolidation"); and
(III) Reduction of the share capital of NV Multi (after the Bonus Issue and Consolidation) pursuant to Section 64 of the Companies Act, 1965 involving the cancellation of RM0.99 of the par value of RM1.00 for each Consolidated Share
(collectively referred to as the "Capital Repayment")
Period of interest payment: to
Share transfer book & register of members will be: to 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: 03-2264 3883
Fax: 03-2282 1886
Payment date: 11/03/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 04/03/2011
Entitlement indicator: Ratio
Ratio: 10 : 3
Remarks: Pursuant to Section 3.2, Part A of the circular to shareholders of NV Multi dated 27 November 2010, the entitled shareholders whose names appear in the Record of Depositors of NV Multi on the Entitlement Date will receive a Capital Repayment of RM0.297 for each NV Multi Share.
This Capital Repayment forms part of the distribution to the entitled shareholders of the cash proceeds arising from the disposal of the entire business and undertakings of NV Multi comprising the following:
(a) special dividend of RM0.483 (net of income tax) for each NV Multi Share, which was paid on 28 January 2011; and
(b) Capital Repayment of RM0.297 for each NV Multi Share, which is payable on 11 March 2011.
For information purposes, shareholders who hold 1,000 ordinary shares of RM0.25 each on the Entitlement Date will have their shares adjusted to 300 ordinary shares of RM0.01 each. As such, shareholders may trade only the 300 ordinary shares (30%) from the ex-date onwards.
Fractional entitlements, if any, arising from the Bonus Issue and Consolidation will be disregarded and will be dealt with by the Board of Directors of NV Multi ("Board") on such terms and at such time as the Board shall in its absolute discretion deem fit or expedient in the best interests of the Company.
There will not be any suspension in the trading of NV Multi Shares for the purposes of implementation of the Capital Repayment.
The listing of and quotation for the ordinary shares arising from the Capital Repayment on the Main Market of Bursa Malaysia Securities Berhad will commence with effect from 9.00 a.m. on 7 March 2011, being the next market day following the Entitlement Date.
No comments:
Post a Comment