BREM - Notice of Book Closure

Selective capital reduction and repayment exercise of Brem Holding Berhad ("Brem Holding") pursuant to Section 116 of the Companies Act, 2016 ("Act") ("SCR")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Repayment” as from: 24 Jun 2022
2)  The last date of lodgment : 27 Jun 2022
3)  Date Payable : 04 Jul 2022

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.