ABMB
Others
ALLIANCE FINANCIAL GROUP BERHAD |
EX-date | 13 Sep 2017 |
Entitlement date | 15 Sep 2017 |
Entitlement time | 05:00 PM |
Entitlement subject | Others |
Entitlement description | CAPITAL REDUCTION AND REPAYMENT BY ALLIANCE FINANCIAL GROUP BERHAD ("AFG") INVOLVING THE CANCELLATION OF ALL THE ORDINARY SHARES IN AFG AND DISTRIBUTION-IN-SPECIE OF THE ENTIRE SHAREHOLDINGS OF AFG IN ALLIANCE BANK MALAYSIA BERHAD ("ABMB") TO THE ENTITLED SHAREHOLDERS OF AFG ON THE BASIS OF ONE (1) ABMB SHARE FOR EVERY ONE (1) AFG SHARE HELD IN ACCORDANCE WITH SECTION 116 OF THE COMPANIES ACT 2016 ("AFG CAPITAL REDUCTION AND REPAYMENT") |
Period of interest payment | to |
Financial Year End | 31 Mar 2018 |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
Registrar or Service Provider name, address, telephone no | ShareWorks Sdn Bhd No 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan (KL), Malaysia Helpdesk Telephone No : +603 6201 1120 Facsimile No : +603 6201 3121 |
Payment date | |
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15 Sep 2017 |
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 | Ratio |
Ratio | 1 : 1 |
Rights Issue/Offer Price | |
Par Value (if applicable) |
Remarks : |
We refer to the announcements made on 21 September 2016, 22 September 2016, 10 November 2016, 9 June 2017, 14 June 2017, 12 July 2017, 20 July 2017, 27 July 2017 and 3 August 2017 ("Announcements") and the circular to the shareholders dated 19 June 2017 ("Circular") in relation to the Proposed Corporate Reorganisation. All abbreviations and definitions used herein shall carry the same meaning as those defined in the Announcements and Circular, except where the context otherwise requires or where otherwise defined herein. The shareholders of AFG whose names appear on the Record of Depositors of AFG at the close of business at 5.00 p.m. on Friday, 15 September 2017 ("Entitlement Date"), shall be entitled to the AFG Capital Reduction and Repayment ("Entitled Shareholders"). AFG shall in conjunction with the Corporate Reorganisation and pursuant to the AFG Capital Reduction and Repayment, implement a capital repayment exercise involving the distribution-in-specie of AFG's entire shareholdings in ABMB to the Entitled Shareholders, whose names appear in the Record of Depositors of AFG on the Entitlement Date. AFG's issued share capital is RM1,548,105,929 comprising 1,548,105,929 AFG Shares, whilst ABMB's issued share capital is RM1,548,105,929 comprising 1,548,105,929 ABMB Shares. Pursuant to the AFG Capital Reduction and Repayment, all AFG's issued share capital will be cancelled and for every one (1) AFG Share cancelled, AFG's shareholders will be paid, in-specie, an ABMB Share (on a one-to-one basis). This will entail the distribution of AFG's entire shareholdings in ABMB on the basis of one (1) ABMB Share for every one (1) AFG Share held by the Entitled Shareholders and cancelled as at the Entitlement Date. Upon completion of AFG Capital Reduction and Repayment, AFG will cease to be a shareholder of ABMB. Your percentage shareholdings in ABMB after the AFG Capital Reduction and Repayment shall remain the same as your percentage shareholdings in AFG on the Entitlement Date. In order to facilitate the AFG Capital Reduction and Repayment, the trading of AFG Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Monday, 11 September 2017, being three (3) clear Market Days prior to the Entitlement Date. Accordingly, the last time and date for trading of AFG Shares on the Main Market of Bursa Securities shall be at 5.00 p.m. on Friday, 8 September 2017. A notice to the shareholders of AFG in relation to the Entitlement Date for the AFG Capital Reduction and Repayment will be despatched to the shareholders of AFG on 4 September 2017. |
Announcement Info
Company Name | ALLIANCE FINANCIAL GROUP BERHAD |
Stock Name | AFG |
Date Announced | 30 Aug 2017 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-16082017-00009 |