MYTECH

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WIDETEC - Notice of Book Closure

WIDETECH (MALAYSIA) BERHAD

Subdivision of every 1 existing ordinary share in Widetech (Malaysia) Berhad ("Widetech" or the "Company") ("Widetech Share(s)" or "Share(s)") held at 5.00 p.m. on 19 November 2021 ("Entitlement Date") into 5 Widetech Shares ("Subdivided Shares") ("Share Split")  
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Offer” as from: 18 Nov 2021
2)  The last date of lodgment : 19 Nov 2021

 

Remarks 1: 

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 19 Nov 2021 with share split of WIDETEC shares, any shareholder who is entitled to receive WIDETEC shares arising from the share split exercise, may sell any or all of his WIDETEC shares beginning the Ex-Date (18 Nov 2021).  
 
For example, if Mr X purchases 100 WIDETEC shares on cum basis on 17 Nov 2021, Mr X should receive 100 shares on 19 Nov 2021. As a result of the share split, 100 WIDETEC shares will be split into 500 shares in Mr X's CDS account on the night of 19 Nov 2021 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 500 on or after the Ex-Date ie from 18 Nov 2021 onwards."

 

Remarks 2:

The actual number of Subdivided Shares to be issued would depend on the total number of issued Shares on the Entitlement Date.

 

Fractional entitlements, if any, shall be dealt with in such manner as the Board of Directors of Widetech in its absolute discretion deems fit and expedient, and in the best interest of the Company.

 

The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 22 November 2021, being the next market day following the Entitlement Date.

 

The notices of allotment for the Subdivided Shares will be despatched to the entitled shareholders not later than 4 market days after the date of listing and quotation of the Subdivided Shares on Bursa Securities.

 

 

 

 

 


Announcement Info

Company Name WIDETECH (MALAYSIA) BERHAD
Stock Name WIDETEC
Date Announced 08 Nov 2021
Category Listing Circular
Reference Number ILC-08112021-00004