Capital Repayment
BREM HOLDING BERHAD |
Entitlement subject | Capital Repayment |
Entitlement description | Selective capital reduction and repayment exercise of Brem Holding Berhad ("Brem Holding") pursuant to Section 116 of the Companies Act, 2016 ("Act") ("SCR") |
Ex-Date | 24 Jun 2022 |
Entitlement date | 27 Jun 2022 |
Entitlement time | 5:00 PM |
Financial Year End | 31 Mar 2023 |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
Payment Date | 04 Jul 2022 |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 27 Jun 2022 |
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 |
Announced currency | Malaysian Ringgit (MYR) |
Disbursed currency | Malaysian Ringgit (MYR) |
Entitlement in Currency | Malaysian Ringgit (MYR) 1.2000 |
Par Value (if applicable) |
Registrar or Service Provider name, address, telephone no |
INSURBAN CORPORATE SERVICES SDN BHD 149 Jalan Aminuddin Baki Taman Tun Dr Ismail 60000 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0377295529 Fax:0377285948 |
Remarks : |
Under the SCR, all the shareholders of Brem Holding whose names appear in the Record of Depositors of Brem Holding as at the Entitlement Date (as set out above) (other than Brem Properties Sdn Bhd, Tan Sri Dato' Khoo Chai Kaa, Wawasan Ekuiti Sdn Bhd, Bond Resources Sdn Berhad, Classical Glory Sdn Bhd, Tradema Holdings Sdn Bhd, Low Yew Hwa, Khoo Chai Thiam, Teng Mee Yoong and Tan Joo Keng) ("Entitled Shareholders") shall be entitled to receive a cash consideration of RM1.20 for each existing ordinary share in Brem Holding ("Brem Holding Share") held on the Entitlement Date ("SCR Offer Price"). The settlement of the SCR Offer Price will be effected via electronic remittance to the Entitled Shareholders' bank accounts duly registered with Bursa Malaysia Depository Sdn Bhd for purposes of receiving electronic cash dividend ("eDividend Accounts") within 10 days from the date on which an office copy of the sealed order granted by the High Court of Malaya at Kuala Lumpur dated 12 May 2022 confirming the reduction of the issued share capital of Brem Holding pursuant to Section 116 of the Act ("High Court Order") is lodged with the Registrar of Companies pursuant to Section 116(6) of the Act ("Effective Date"). For the Entitled Shareholders who do not maintain eDividend Accounts, the settlement of the SCR Offer Price will be effected via remittance in the form of cheques, banker's drafts 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 Malaysia Depository Sdn Bhd at their own risk within 10 days from the Effective Date. An office copy of the High Court Order will be lodged with the Registrar of Companies pursuant to Section 116(6) of the Act on the Entitlement Date and consequently, the settlement of the SCR Offer Price will be effected on Monday, 4 July 2022. The trading of Brem Holding Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Friday, 24 June 2022, being 1 market day prior to the Entitlement Date. Accordingly, the last date and time for trading of Brem Holding Shares on the Main Market of Bursa Securities prior to the suspension will be at 5.00 p.m. on Thursday, 23 June 2022. Brem Holding Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Friday, 24 June 2022. For the avoidance of doubt, the trading of Brem Holding Shares will continue to be suspended until the de-listing of Brem Holding from the Official List of Bursa Securities following the completion of the SCR. Any enquiries concerning this notice of book closure date should be addressed to the share registrar of Brem Holding at the abovementioned contact details. This announcement is dated 13 June 2022. |
Announcement Info
Company Name | BREM HOLDING BERHAD |
Stock Name | BREM |
Date Announced | 13 Jun 2022 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-13062022-00005 |
Corporate Action ID | MY220613CAPD0001 |