Others
| KSK GROUP BERHAD |
|
EX-date | 08/10/2013 |
| Entitlement date | 10/10/2013 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | Selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965 involving KSK Group Berhad ("SCR") |
| 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 no | Symphony Share Registrars Sdn Bhd Level 6, Symphony House Block D13, Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Helpdesk : (603) 7849 0777 Tel. No. : (603) 7841 8000 Fax No. : (603) 7840 8151/ 8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 10/10/2013 |
| 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) | |
| Entitlement indicator | Currency |
| Currency | Malaysian Ringgit (MYR) |
| Entitlement in Currency | 0.65 |
| Remarks : |
| The SCR entails a selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965 involving the reduction of the enlarged issued and paid-up share capital of KSK Group Berhad ("KSK") to RM250,000 comprising 1,000,000 ordinary shares of RM0.25 each in KSK ("KSK Share(s)") by way of cancellation of 1,638,678,278 KSK Shares held by the shareholders of KSK other than Tan Sri Dato' Paduka Kua Sian Kooi and the persons acting in concert with him in relation to the SCR, namely Puan Sri Siew Toh Ee, Datuk Kua Chung Sen, Dato' Quah Teong Moo, C S Kua Sdn Bhd, Kua Pek Suan and Kua Ying-Fei (collectively referred to as the "Non-Entitled Shareholders"). Under the SCR, all the shareholders of KSK other than the Non-Entitled Shareholders, whose names appear in the Record of Depositors of KSK as at the close of business on 10 October 2013 ("Entitlement Date") shall be entitled to receive a capital repayment of RM0.65 in cash for each existing KSK Share held. The Non-Entitled Shareholders will waive their entitlements to the capital repayment pursuant to the SCR. The capital repayment shall be made by 18 October 2013. KSK will be delisted and withdrawn from the Official List of Bursa Malaysia Securities Berhad ("Bursa Securities") upon successful completion of the SCR. The trading of KSK Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Friday, 4 October 2013, being three (3) clear market days prior to the Entitlement Date. Accordingly, the last day for trading of KSK Shares on the Main Market of Bursa Securities prior to the suspension will be 5.00 p.m. on Thursday, 3 October 2013. The KSK Shares will no longer be traded on the Official List after the trading of KSK Shares is suspended on Friday, 4 October 2013. For the avoidance of doubt, the trading of KSK Shares will continue to be suspended with effect from 9.00 a.m. on Friday, 4 October 2013 until the removal of KSK from the Official List. The notice to shareholders in relation to the suspension of trading of KSK Shares and the Entitlement Date will be despatched to the shareholders of KSK on 27 September 2013. Any enquiries concerning this notice of book closure date should be addressed to the Share Registrar of KSK at the above-mentioned contact details. This announcement is dated 26 September 2013. |
Announcement Info
| Company Name | KSK GROUP BERHAD |
| Stock Name | KSK |
| Date Announced | 26 Sept 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-130926-53142 |