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HOVID

Dividend in specie

HOVID BERHAD

EX-date

13/12/2011
Entitlement date15/12/2011
Entitlement time05:00:00 PM
Entitlement subjectDividend in specie
Entitlement descriptionDistribution of up to 236,048,650 ordinary shares of RM0.10 each in Carotech ("Carotech Shares") by way of dividend-in-specie to the shareholders of Hovid Berhad ("Hovid") on the basis of 25 Carotech Shares for every 100 ordinary shares of RM0.10 each in Hovid ("Hovid Shares") held on the Entitlement Date. ("Dividend-In-Specie")
Period of interest payment to
Financial Year End30/06/2012
Share transfer book & register of members will be 15/12/2011 to 15/12/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 2264 3883
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers15/12/2011 
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 indicatorRatio
Ratio 25 : 100
Rights Issues/Offer Price

Remarks :
Pursuant to the Dividend-In-Specie, entitled shareholders of Hovid will receive 25 Carotech Shares for every 100 Hovid Shares held as at 5.00 p.m. on the Entitlement Date.

In determining shareholders' entitlements under the Dividend-In-Specie, fractional entitlements (if any) that may arise from the Dividend-In-Specie is intended to be rounded down, however, the Board of Directors of Hovid ("Board") shall in their absolute discretion deal with the said fractional entitlements (if any) as the Board thinks expedient and in the best interest of Hovid.

Subject to the approval of Bursa Malaysia Depository Sdn Bhd for the transfer of Carotech Shares under the Dividend-In-Specie by bulk transfer method, the Carotech Shares to be distributed under the Dividend-In-Specie will be credited into the entitled shareholders' central depository (CDS) account.

Barring unforeseen circumstances, Hovid intends to distribute the Carotech Shares pursuant to the terms of the Dividend-In-Specie within 30 days from the Entitlement Date.


Announcement Info

Company NameHOVID BERHAD  
Stock Name HOVID    
Date Announced1 Dec 2011  
CategoryEntitlements (Notice of Book Closure)
Reference NoML-111124-60885