Others
| MWE HOLDINGS BERHAD |
| EX-date | 24 Sep 2018 |
| Entitlement date | 26 Sep 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Others |
| Entitlement description | Selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act ("SCR") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 2019 |
| 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 | METRA MANAGEMENT SDN BHD 30.02, 30th Floor, Menara Multi-Purpose Capital Square No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur Tel:03 2698 3232 Fax:03 2698 0313 |
| Payment date | 05 Oct 2018 |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 26 Sep 2018 |
| 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 | Currency |
| Currency | Malaysian Ringgit (MYR) |
| Entitlement in Currency | 1.75 |
| Par Value (if applicable) | |
| 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. |
Announcement Info
| Company Name | MWE HOLDINGS BERHAD |
| Stock Name | MWE |
| Date Announced | 06 Sep 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-20082018-00006 |