9806

Others

NATIONWIDE EXPRESS COURIER SERVICES BERHAD

EX-date 07 Dec 2016
Entitlement date 09 Dec 2016
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description Entitlement date for the exchange of all the ordinary shares of RM1.00 each in Nationwide Express Courier Services Berhad ("NECSB") ("NECSB Shares") with new ordinary shares of RM0.50 each in Nationwide Express Holdings Berhad ("NewCo") ("NewCo Shares"), via a scheme of arrangement under Section 176 of the Companies Act,1965 on the basis of two (2) new NewCo Shares for every one (1) existing NECSB Share held ("Share Exchange")
Period of interest payment   to  
Financial Year End 31 Mar 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 SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Selangor Darul Ehsan Telephone: +603 7849 0777 (Helpdesk) Facsimile: +603 7841 8151 / 8152
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 09 Dec 2016
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 2 : 1
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.000
Par Value Malaysian Ringgit (MYR) 0.500


Remarks :
This announcement is made by RHB Investment Bank Berhad on behalf of NECSB. The shareholders of NECSB whose names appear on the Record of Depositors of NECSB at the close of business on Friday, 9 December 2016 ("Entitlement Date"), shall be entitled to participate in the Share Exchange.

In order to facilitate the Share Exchange, the trading of NECSB Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended from 9.00 a.m. on Monday, 5 December 2016, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day of trading of NECSB Shares on the Main Market of Bursa Securities shall be at 5.00 p.m. on Friday, 2 December 2016. 

The suspension of NECSB Shares will continue until the admission of NewCo Shares to the Official List of Bursa Securities and the listing of and quotation for the NewCo Shares on the Main Market of Bursa Securities.

A notice to the shareholders of NECSB in relation to the Entitlement Date for the Share Exchange will be despatched to the shareholders of NECSB on 25 November 2016.

This announcement is dated 24 November 2016.


Announcement Info

Company Name NATIONWIDE EXPRESS COURIER SERVICES BERHAD
Stock Name NATWIDE
Date Announced 24 Nov 2016
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24112016-00002


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