KENANGA

Others

K & N KENANGA HOLDINGS BERHAD

EX-date 24 Oct 2016
Entitlement date 26 Oct 2016
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description Capital reduction and repayment by K & N Kenanga Holdings Berhad ("KNKH") involving the cancellation of all the ordinary shares of RM1.00 each in KNKH and distribution of the entire shareholdings of KNKH in Kenanga Investment Bank Berhad ("Kenanga IB") to the Entitled Shareholders of KNKH in accordance with Section 64 of the Act ("KNKH Capital Reduction and Repayment")
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 entitlement
Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel:03-7849 0777 Fax:03-7841 8151/52
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 26 Oct 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 24 Oct 2016
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 Malaysian Ringgit (MYR) 1.000


Remarks :
We refer to the earlier announcements dated 30 October 2015, 3 February 2016, 4 May 2016, 3 June 2016, 1 July 2016,19 July 2016, 28 July 2016 and 19 August 2016  in relation to the Proposed Merger ("Announcements"), and the circular to the shareholders dated 4 July 2016 ("Circular"). All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcements and the Circular, except where the context otherwise requires or where otherwise defined herein.

The shareholders of KNKH whose names appear on the Record of Depositors of KNKH at the close of business at 5.00 p.m. on Wednesday, 26 October 2016 ("Distribution Entitlement Date"), shall be entitled to the KNKH Capital Reduction and Repayment ("Entitled Shareholders").

KNKH shall in conjunction with the Kenanga IB Capital Restructuring and pursuant to the KNKH Capital Reduction and Repayment, implement a capital repayment exercise involving the distribution of KNKH's entire shareholding in Kenanga IB to the Entitled Shareholders.

KNKH's issued and paid-up share capital is RM722,546,999 comprising 722,546,999 KNKH Shares. Pursuant to the Kenanga IB Capital Reduction, Kenanga IB will cancel 47,453,001 Kenanga IB Shares to correspond with KNKH's issued and paid-up share capital. Thereafter, the par value of each Kenanga IB Shares will be reduced from RM1.00 to RM0.25 pursuant to the Kenanga IB Par Value Adjustment ("New Kenanga IB Share(s)"). 

The KNKH Capital Reduction and Repayment will entail the distribution of KNKH's entire shareholding in Kenanga IB on the basis of one (1) New Kenanga IB Share for every one (1) KNKH Share held by the Entitled Shareholders as at the Distribution Entitlement Date.

Upon completion of the KNKH Capital Reduction and Repayment, KNKH will cease to be a shareholder of Kenanga IB. However, the percentage of effective shareholding interests of KNKH's shareholders in Kenanga IB shall remain unchanged before and after the KNKH Capital Reduction and Repayment.

In order to facilitate the KNKH Capital Reduction and Repayment, the trading of KNKH Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Thursday, 20 October 2016, being four (4) market days prior to the Distribution Entitlement Date. Accordingly, the last time and date for trading of KNKH Shares on the Main Market of Bursa Securities shall be at 5.00 p.m. on Wednesday, 19 October 2016.

A notice to the shareholders of KNKH in relation to the Distribution Entitlement Date for the KNKH Capital Reduction and Repayment will be despatched to the shareholders of KNKH on 11 October 2016.


Announcement Info

Company Name K & N KENANGA HOLDINGS BERHAD
Stock Name KENANGA
Date Announced 10 Oct 2016
Category Entitlement(Notice of Book Closure)
Reference Number ENT-07102016-00001


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