TRIVE - Notice of Book Closure

CONSOLIDATION OF EVERY 25 EXISTING ORDINARY SHARES IN TRIVE PROPERTY GROUP BERHAD ("TRIVE" OR THE "COMPANY") ("TRIVE SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 DECEMBER 2020 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 22 Dec 2020
2)  The last date of lodgment : 23 Dec 2020
 

Remarks 1:

Participating Organisations are to take note of the following Share Consolidation exercise by TRIVE PROPERTY GROUP BERHAD.

The Share Consolidation comprises the following:-

CONSOLIDATION OF EVERY 25 EXISTING ORDINARY SHARES IN TRIVE PROPERTY GROUP BERHAD ("TRIVE" OR THE "COMPANY") ("TRIVE SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 DECEMBER 2020 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") .

In relation to the Share Consolidation undertaken by TRIVE as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 22 December 2020, trading of TRIVE shares will be based on the newly adjusted shares after the Share Consolidation of TRIVE shares,

(b) on the basis of settlement taking place after 23 December 2020 with consolidated TRIVE shares, any entitled shareholder who owns TRIVE shares as at Ex-date may sell only up to the maximum TRIVE shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 22 December 2020.

With the adjustments pursuant to the Share Consolidation effected on TRIVE shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled TRIVE shareholder may use the following basis to estimate the maximum number of TRIVE shares that he may sell from the Ex-date until the Book Closing Date which is from 22 December 2020 until 23 December 2020.

Number of TRIVE shares that may be sold                      =  Number of shares held / 25

from 22 December 2020 until 23 December 2020           (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 TRIVE shares on cum basis on 21 December 2020, his CDS account would still show 1000 TRIVE shares until 23 December. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 TRIVE shares in his CDS account will be adjusted to 40 TRIVE shares on the night of 23 December 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 40 TRIVE shares on or after the Ex-date i.e. from 22 December 2020 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 22 December 2020 until 23 December 2020, they are only entitled to sell the maximum of 1/25 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2:
The Share Consolidation involves the consolidation of every 25 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 23 December 2020, being the entitlement date for the Share Consolidation.

The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 24 December 2020, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.