YTL

Others

YTL CORPORATION BERHAD

EX-date	20/05/2002
Entitlement date	22/05/2002
Entitlement time	05:00:00 PM
Entitlement subject	Others
Entitlement description:	Non-renounceable restricted issue to the shareholders of YTL Corporation Berhad (other than Excluded Shareholders as defined below in the Notice of Closure of Books) of 34,000,000 new ordinary shares of RM1.00 each in YTL e-Solutions Berhad ("Share"), credited as fully paid-up, at an issue price of RM1.10 per Share, payable in full on application, on preference basis of one (1) Share for every five (5) existing ordinary shares of RM0.50 each in YTL Corporation Berhad held as at 5.00 p.m. on 22 May 2002, in conjuction with the listing of and quotation for the entire enlarged and paid-up share capital of YTL e-Solutions Berhad on the MESDAQ Market of the Kuala Lumpur Stock Exchange.
Period of interest payment	to
For year ending/Period ending/ended
Share transfer book & register of members will be closed from (both dates inclusive) for the purpose of determining the entitlements	22/05/2002 to 22/05/2002
Registrar's name ,address, telephone no:	YTL CORPORATION BERHAD 11th Floor, Yeoh Tiong Lay Plaza 55, Jalan Bukit Bintang 55100 Kuala Lumpur Tel No. 03-2142 6633
Payment date
a) Securities transferred into the Depositor's Securities Account before 12:30 pm in respect of ordinary transfers	22/05/2002
b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	20/05/2002
c) Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Ratio	1 : 5
Rights Issues/Offer Price

Remarks :

BASIS OF ALLOCATION FOR THE RESTRICTED ISSUE

NOTICE OF CLOSURE OF BOOKS

The non-renounceable restricted issue to the shareholders of YTL Corporation Berhad ("YTL Corp" or the "Company") (other than the Excluded Shareholders as defined below) ("Entitled Shareholders") of 34,000,000 new ordinary shares of RM1.00 each in YTL e-Solutions Berhad ("Share(s)"), credited as fully paid-up, at an issue price of RM1.10 per Share, payable in full on application, on preference basis of one (1) Share for every five (5) existing ordinary shares of RM0.50 each in YTL Corp ("YTL Corp Shares") held as at 5.00 p.m. on 22 May 2002 ("Restricted Issue"), in conjunction with the listing of and quotation for the entire enlarged issued and paid-up share capital of YTL e-Solutions Berhad on the MESDAQ Market of the Kuala Lumpur Stock Exchange.

The number of the Shares offered will be rounded up or down, to the nearest board lot, where applicable. In the event of oversubscription, acceptance of application in respect of the Shares shall be conducted in a manner determined by the Directors of YTL e-Solutions Berhad. All Entitled Shareholders who apply for the Shares in accordance with the terms and conditions of the Prospectus will first be allocated 100 Shares. Thereafter, the Shares will be allocated proportionately to the number of Shares applied for and adjusted to the nearest board lot, subject to the meeting of the public shareholding spread requirement.

In the event of undersubscription, any Shares not applied for will be made available to the Entitled Shareholders who apply for excess shares under the Restricted Issue.

"Excluded Shareholders" are shareholders of YTL Corp whose names appear in YTL Corp’s Record of Depositors as at 22 May 2002 who are excluded from the Restricted Issue. These Excluded Shareholders are:-

(i) Yeoh Tiong Lay & Sons Holdings Sdn Bhd, and/or its nominees or associates; and

(ii) U.S. persons (as such terms are defined by Regulations under the U.S. Securities Act of 1933, as amended ("Securities Act"); or

(iii) persons who are resident in Japan or are a corporation or entity organised under the laws of Japan or who hold such shares in YTL Corp, as nominee for any such resident, corporation or entity (for avoidance of doubt, Cartaban Nominees (Asing) Sdn Bhd shall be an Excluded Shareholder in respect of those shares held by it as nominee for Japan Securities Clearing Corporation); or

(iv) persons with addresses in any other jurisdictions outside Malaysia in which acceptance of the entitlement under the Restricted Issue would result in the contravention of the laws of such jurisdiction, whether in the absence of any necessary consent and/or compliance with any registration of other legal requirements or for any other reason; or

(v) persons who in the opinion of the Directors of the Company (on the advice of the Company's legal counsel) it would be necessary or expedient to be excluded from participating in the Restricted Issue by reason of legal or regulatory requirements.

NOTICE IS HEREBY GIVEN THAT the Register of Members of YTL Corp will be closed at 5.00 p.m. on 22 May 2002 for the purpose of determining the Entitled Shareholders' entitlement as described above.

FURTHER NOTICE IS HEREBY GIVEN THAT a depositor shall qualify for their respective entitlements to the Restricted Issue in respect of:-

(i) YTL Corp Shares transferred into the Depositor’s Securities Account before 12:30 p.m. on 22 May 2002 in respect of ordinary transfers;

(ii) YTL Corp Shares deposited into the Depositor’s Securities Account before 12:30 p.m. on 20 May 2002 in respect of shares exempted from mandatory deposit; and

(iii) YTL Corp Shares bought on the Kuala Lumpur Stock Exchange ("KLSE") on a cum entitlement basis according to the Rules of the KLSE.

Prospectuses and the Blue Application Forms will be sent by the Share Registrar of YTL Corp to the Entitled Shareholders whose names appear in the Record of Depositors and Register of Members of YTL Corp at 5.00 p.m. on 22 May 2002.

By Order of the Board

HO SAY KENG (MIA 3708)
Company Secretary

Kuala Lumpur
3 May 2002

Announcement Info

Company Name	YTL CORPORATION BERHAD
Stock Name	YTL
Date Announced	3 May 2002
Category	Entitlements (Notice of Book Closure)
Reference No	YC-020503-182D9

View original