Monday, April 6, 2015

KAREX - Bonus Issue (1 : 2)

Company: KAREX BERHAD
Stock Name: KAREX
Amount/Ratio: 1 : 2
Announcement Date: 06/04/2015
Ex Date: 16/04/2015

Detail:

Company NameKAREX BERHAD  
Stock Name KAREX  
Date Announced6 Apr 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-150406-54042

EX-date16/04/2015
Entitlement date20/04/2015
Entitlement time05:00:00 PM
Entitlement subjectBonus Issue
Entitlement descriptionBonus issue of 222,750,000 new ordinary shares of RM0.25 each in Karex Berhad (“Karex”) (“Karex Shares”) (“Bonus Shares”) to be credited as fully paid-up on the basis of 1 Bonus Share for every 2 Karex Shares held by the shareholders of Karex as at 5.00 p.m. on 20 April 2015 (“Entitlement Date”) (“Entitled Shareholders”) (“Bonus Issue”)
Period of interest payment to
Financial Year End
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 noSymphony Share Registrars Sdn Bhd
Level 6 Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya

Tel. no.: +603 7841 8000
Fax no.: +603 7841 8152
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers20/04/2015 
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)222750000 
Entitlement indicatorRatio
Ratio 1 : 2
Rights Issues/Offer Price

Remarks :
The Bonus Issue will entail the issuance of 222,750,000 Bonus Shares, to be credited as fully paid-up, on the basis of 1 Bonus Share for every 2 existing Karex Shares held by the Entitled Shareholders.

The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 21 April 2015, being 1 market day after the Entitlement Date.

Karex’s Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than 4 market days after the date of listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

This announcement is dated 6 April 2015.

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