MWE - Notice of Book Closure

Selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act ("SCR")

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Offer” as from: 24 Sep 2018
2)  The last date of lodgment : 26 Sep 2018
3)  Date Payable : 5 Oct 2018

Remarks: Under the SCR, the Entitled Shareholders (as defined in the circular to shareholders dated 18 May 2018), shall be entitled to receive a cash amount of RM1.75 for each existing ordinary share in MWE ("MWE Share") held on the Entitlement Date (as set out above). The settlement of the capital repayment will be effected via electronic remittance to the Entitled Shareholders eDividend Account duly registered with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"). For the Entitled Shareholders who do not maintain eDividend accounts, the settlement of the capital repayment will be effected via remittance in the form of electronic payments or cheques, banker's draft and/or cashier's orders which will be despatched by ordinary mail to the Entitled Shareholders (or their designated agents, as they may direct) at the Entitled Shareholders' registered addresses last maintained with Bursa Depository at their own risk within 10 days from the Entitlement Date. The trading of MWE 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 September 2018, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day for trading of MWE Shares on the Main Market of Bursa Securities prior to the suspension will be 5.00 p.m. on Wednesday, 19 September 2018. The MWE Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Thursday, 20 September 2018. For the avoidance of doubt, the trading of MWE Shares will continue to be suspended until the delisting of MWE from the Official List of Bursa Securities following the completion of the SCR. The notice to shareholders in relation to the suspension of trading of MWE Shares and the Entitlement Date for the SCR will be despatched to MWE's shareholders on 7 September 2018. Any enquiries concerning this notice of book closure date should be addressed to the share registrar of MWE at the abovementioned contact details. This announcement is dated 6 September 2018.