EKOVEST

Subdivision

EKOVEST BERHAD

EX-date 23 Feb 2017
Entitlement date 27 Feb 2017
Entitlement time 05:00 PM
Entitlement subject Subdivision
Entitlement description SUBDIVISION OF EVERY 2 EXISTING ORDINARY SHARE IN EKOVEST BERHAD ("EKOVEST") INTO 5 ORDINARY SHARES IN EKOVEST ("SUBDIVIDED SHARES") ("SHARE SPLIT")
Period of interest payment   to  
Financial Year End 30 Jun 2017
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 SECTRARS MANAGEMENT SDN BHD Lot 9-7, Menara Sentral Vista No. 150, Jalan Sultan Abdul Samad Brickfields 50470 Kuala Lumpur Tel: 0322766138 Fax: 0322766131
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 27 Feb 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 5 : 2
Rights Issue/Offer Price
Par Value Malaysian Ringgit (MYR) 0.000


Remarks :
Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in Ekovest's circular to shareholders dated 28 December 2016.

Pursuant to section 74 of the Companies Act 2016, all shares issued before or upon commencement of the Companies Act 2016 shall have no par or nominal value.

Please note that the Subdivided Shares will not be entitled to the cash dividend of RM0.25 per ordinary share that was announced on 13 February 2017. The Subdivided Shares will be credited into the CDS accounts of the entitled shareholders on the evening of the entitlement date for purposes of determining the entitlement to the Share Split.

Pursuant to the Share Split, up to 183,310,470 additional Warrants 2014/2019 will be issued and allotted to the holders of Warrants 2014/2019. The exact number of Additional Warrants to be issued and allotted will depend on the number of outstanding Warrants 2014/2019 as at the entitlement date of the Share Split. Any fractional number of additional Warrant 2014/2019 arising from the Share Split will be disregarded and will be dealt with in such manner as the Board of Directors of Ekovest in its absolute discretion deems fit or expedient and in the best interest of Ekovest. The existing exercise price of the Warrants 2014/2019 of RM1.35 each will be revised to RM1.20 each after the cash dividend and then subsequently to RM0.48 each after the Share Split.  

The Additional Warrants will be listed and quoted simultaneously with the Subdivided Shares on 28 February 2017, being the next market day immediately after the entitlement date of the Share Split. The notice to holders of Warrants 2014/2019 setting out the details of the Adjustments and the notice of allotment of the Additional Warrants will be despatched in due course.


This announcement is dated 13 February 2017.


Announcement Info

Company Name EKOVEST BERHAD
Stock Name EKOVEST
Date Announced 13 Feb 2017
Category Entitlement(Notice of Book Closure)
Reference Number ENT-13022017-00007


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