SIGGAS - Notice of Book Closure

SIG GASES BERHAD ("SIGGAS" OR "COMPANY") CAPITAL REPAYMENT EXERCISE OF RM0.40 FOR EACH SIGGAS SHARE  PURSUANT TO SECTION 116 OF THE ACT.

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Repayment” as from: 17 Dec 2020
2)  The last date of lodgment : 18 Dec 2020
3)  Date Payable : 4 Jan 2021

Remarks :

Reference is made to the Company's announcements dated 9 July 2020 and the subsequent announcements, as well as the circular to shareholders dated 4 September 2020 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

The Entitlement Date for the Capital Repayment shall be on Friday, 18 December 2020.

The Capital Repayment will be implemented by way of a capital reduction and repayment exercise of RM0.40 for each SIGGAS Share under Section 116 of the Act, as approved by SIGGAS's shareholders on 28 September 2020 and confirmed by the High Court on 5 November 2020.

The entitled shareholders, whose names appear in the Record of Depositors of the Company on the close of business at 5.00 p.m. on Friday, 18 December 2020, shall be entitled to receive a cash distribution of RM0.40 for each SIGGAS Share held in respect of:-

(a) SIGGAS Shares transferred into their CDS account(s) on or before 4.30 p.m. on Friday, 18 December 2020 in respect of ordinary transfers; and

(b) SIGGAS Shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities.

The trading of SIGGAS Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Thursday, 17 December 2020. Accordingly, the last time and date for trading of SIGGAS Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Wednesday, 16 December 2020.

The trading of SIGGAS Shares on the Main Market of Bursa Securities will continue to be suspended until the completion of the Proposals whereby SIGGAS will be subsequently delisted from the Official List of Bursa Securities.

The notice to shareholders in relation to the suspension of trading of SIGGAS Shares and the Entitlement Date will be despatched to SIGGAS's shareholders in due course.

Any enquiries concerning this notice of book closure date should be addressed to the share registrar of SIGGAS at the abovementioned contact details.