Dividend in specie
| KUCHAI DEVELOPMENT BERHAD |
| Entitlement subject | Dividend in specie |
| Entitlement description | Distribution of 17,584,030 ordinary shares in Sungei Bagan Rubber Company (Malaya) Berhad ("Sg Bagan"), representing all of the 26.51% equity interest held by Kuchai Development Berhad ("KDB") in Sg Bagan, to the entitled shareholders of KDB by way of dividend-in-specie ("Dividend-In-Specie") |
| Ex-Date | 17 Aug 2022 |
| Entitlement date | 18 Aug 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2022 |
| Share transfer book& register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 18 Aug 2022 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 16 Aug 2022 |
| 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 | Ratio |
| Par Value (if applicable) | |
| Securities Entitlement | |
| Company Name |
SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD |
| Entitlement |
Ordinary Shares |
| Ratio (New : Existing) | 0.1420 : 1.0000 |
| Securities Crediting Date | 09 Sep 2022 |
| Available / Listing Date | |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5 Jalan Prof. Khoo Kay Kim Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:+603-7890 4700 Fax:+603-7890 4670 |
| Remarks : |
We refer to the announcements dated 22 April 2022, 13 May 2022 and 8 June 2022 in relation to the Dividend-In-Specie as well as the circular to shareholders of KDB in relation to the Dividend-In-Specie dated 15 July 2022 ("Circular"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements and the Circular.
The shareholders of KDB whose names appear in the Record of Depositors of KDB as at 5:00 p.m. on Thursday, 18 August 2022 ("Entitlement Date") shall be entitled to the Dividend-In-Specie ("Entitled Shareholders"). The Entitled Shareholders will not be required to pay for their entitlements to the Distributable Shares and will receive their entitlements at no cost.
Based on the total issued share capital of KDB of RM63,669,533 comprising 123,747,334 KDB Shares, the Distributable Shares are expected to be distributed on the basis of approximately 0.142 Sg Bagan Shares for every one (1) KDB Share held by the Entitled Shareholders as at the Entitlement Date. For illustrative purpose, an Entitled Shareholder holding 1,000 KDB Shares will be entitled to receive 142 Sg Bagan Shares from the Dividend-In-Specie.
The actual number of Distributable Shares which the Entitled Shareholders will receive under the Dividend-In-Specie will be calculated based on the following formula:
[(Number of Sg Bagan Shares held by KDB / Number of KDB Shares in issue) x Number of KDB Shares held by the Entitled Shareholder as at the Entitlement Date]
Fractional entitlements to the Distributable Shares, if any, will be disregarded and dealt with in such manner or terms as the Board in its absolute discretion deems fit and expedient, and in the best interest of the Company.
This Announcement is dated 3 August 2022. |
Announcement Info
| Company Name | KUCHAI DEVELOPMENT BERHAD |
| Stock Name | KUCHAI |
| Date Announced | 03 Aug 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-03082022-00002 |
| Corporate Action ID | MY220803DVSE0001 |