Company: Y&G CORPORATION BHD
Stock Name: Y&G
Amount/Ratio: 4 : 1
Announcement Date: 12/12/2011
Ex Date: 22/12/2011
Detail:
EX-date: 22/12/2011
Entitlement date: 27/12/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Notice of Book Closure and Entitlement of Y&G Corporation Bhd ("Y&G") in respect of the Capital Reduction (as defined herein) and Consolidation of Shares (as defined herein) for the entitlement of shareholders of Y&G as follows:
(I) reduction in Y&G's issued and paid-up capital from RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each to RM12,750,000 comprising 51,000,000 ordinary shares of RM0.25 each, via the cancellation of RM0.75 in the par value of each ordinary share of RM1.00 each in Y&G resulting in a new par value of RM0.25 for each ordinary share in Y&G pursuant to Section 64 of the Companies Act, 1965 ("Capital Reduction"); and
(II) consolidation of the entire resultant issued and paid-up share capital of 51,000,000 ordinary shares of RM0.25 each into 12,750,000 ordinary shares of RM1.00 each via the consolidation of four (4) ordinary shares of RM0.25 each into one (1) ordinary share of RM1.00 each. ("Consolidation of Shares").
(collectively referred to as the "Capital Reconstruction")
Period of interest payment: to
Financial Year End: 31/12/2011
Share transfer book & register of members will be: 27/12/2011 to 27/12/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: ShareWorks Sdn. Bhd.
10, Jalan Sri Hartamas 8,
Taman Sri Hartamas,
50480 Kuala Lumpur,
Federal Territory of Kuala Lumpur
Tel: 03-6201 1120
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 27/12/2011
Entitlement indicator: Ratio
Ratio: 4 : 1
Remarks: As of to date, the issued and paid-up share capital of Y&G is RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each.
On 25 October 2011, Y&G had obtained an order from the High Court of Malaya, Kuala Lumpur confirming the Capital Reduction, pursuant to Section 64 of the Companies Act, 1965.
The Capital Reconstruction will be implemented by way of SPEEDS, hence there will not be any suspension in the trading of Y&G shares.
The resulting shares pursuant to the Consolidation of Shares will be listed and quoted on the Main Market of Bursa Securities on 28 December 2011, being the next market day following the entitlement date of 27 December 2011.
In determining the shareholders' entitlements pursuant to the Consolidation of Shares, fractional entitlements shall be disregarded and shall be dealt with in such manner as the Board of Directors of Y&G shall in its absolute discretion think expedient or in the best interests of the Company.
This announcement is dated 12 December 2011.
Stock Name: Y&G
Amount/Ratio: 4 : 1
Announcement Date: 12/12/2011
Ex Date: 22/12/2011
Detail:
EX-date: 22/12/2011
Entitlement date: 27/12/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Notice of Book Closure and Entitlement of Y&G Corporation Bhd ("Y&G") in respect of the Capital Reduction (as defined herein) and Consolidation of Shares (as defined herein) for the entitlement of shareholders of Y&G as follows:
(I) reduction in Y&G's issued and paid-up capital from RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each to RM12,750,000 comprising 51,000,000 ordinary shares of RM0.25 each, via the cancellation of RM0.75 in the par value of each ordinary share of RM1.00 each in Y&G resulting in a new par value of RM0.25 for each ordinary share in Y&G pursuant to Section 64 of the Companies Act, 1965 ("Capital Reduction"); and
(II) consolidation of the entire resultant issued and paid-up share capital of 51,000,000 ordinary shares of RM0.25 each into 12,750,000 ordinary shares of RM1.00 each via the consolidation of four (4) ordinary shares of RM0.25 each into one (1) ordinary share of RM1.00 each. ("Consolidation of Shares").
(collectively referred to as the "Capital Reconstruction")
Period of interest payment: to
Financial Year End: 31/12/2011
Share transfer book & register of members will be: 27/12/2011 to 27/12/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: ShareWorks Sdn. Bhd.
10, Jalan Sri Hartamas 8,
Taman Sri Hartamas,
50480 Kuala Lumpur,
Federal Territory of Kuala Lumpur
Tel: 03-6201 1120
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 27/12/2011
Entitlement indicator: Ratio
Ratio: 4 : 1
Remarks: As of to date, the issued and paid-up share capital of Y&G is RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each.
On 25 October 2011, Y&G had obtained an order from the High Court of Malaya, Kuala Lumpur confirming the Capital Reduction, pursuant to Section 64 of the Companies Act, 1965.
The Capital Reconstruction will be implemented by way of SPEEDS, hence there will not be any suspension in the trading of Y&G shares.
The resulting shares pursuant to the Consolidation of Shares will be listed and quoted on the Main Market of Bursa Securities on 28 December 2011, being the next market day following the entitlement date of 27 December 2011.
In determining the shareholders' entitlements pursuant to the Consolidation of Shares, fractional entitlements shall be disregarded and shall be dealt with in such manner as the Board of Directors of Y&G shall in its absolute discretion think expedient or in the best interests of the Company.
This announcement is dated 12 December 2011.
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