GCB

2.500

+0.03 (+1.2%)

GCB - Notice of Bonus Entitlement

GUAN CHONG BERHAD

1) Bonus Issue of up to 527,938,927 new ordinary shares in Guan Chong Berhad ("GCB") ("Bonus Shares") on the basis of 1  Bonus Share for every 1 existing ordinary share held in GCB at 5.00 p.m. on 5 November 2019 ("Entitlement Date")

 

2) Issue of up to 175,979,642 free warrants in Guan Chong Berhad ("GCB") ("Warrants") on the basis of 1 Warrant for every 3 existing ordinary shares held in GCB at 5.00 p.m. on 5 November 2019 ("Entitlement Date")

 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 4 Nov 2019
2)    The last date of lodgment : 5 Nov 2019
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/2>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <50%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.

 

Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 5 Nov 2019   with bonus issue of  GCB shares, any shareholder who is entitled to receive GCB bonus issue shares, may sell any or all of his GCB shares arising from the bonus issue beginning the Ex-Date 4 Nov 2019.

 

For example, if Mr X purchases 100 GCB shares on cum basis on 1 Nov 2019, Mr X should receive 100 shares on 5 Nov 2019 . As a result of the bonus issue, a total of 200 GCB shares will be credited into Mr X's CDS account on the night of 5 Nov 2019 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 4 Nov 2019 onwards.

 

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 6 November 2019, being 1 market day after the Entitlement Date. The Share Registrar of GCB will issue and despatch the notices of allotment of the Bonus Shares to all entitled shareholders of GCB within 4 market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

 

Remarks 3: The Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within 2 market days after the submission of the application of the quotation for the Warrants to Bursa Securities. The Share Registrar of GCB will issue and despatch the notices of allotment of the Warrants to all entitled shareholders of GCB within 4 market days after the date of listing and quotation of the Warrants on the Main Market of Bursa Securities.

 

 


Announcement Info

Company Name GUAN CHONG BERHAD
Stock Name GCB
Date Announced 15 Oct 2019
Category Listing Circular
Reference Number ILC-15102019-00003