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SANICHI

Others

SANICHI TECHNOLOGY BERHAD

EX-date

20/12/2012
Entitlement date24/12/2012
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionEntitlement date to determine the shareholders of Sanichi Technology Berhad (“STB”) who will be subject to the reduction of the issued and paid-up share capital of STB pursuant to Section 64(1) of the Companies Act, 1965 (“Act”), involving the cancellation of RM0.08 of the par value of each ordinary share of RM0.10 each in STB (“STB Share(s)”) and thereafter the consolidation of five (5) ordinary shares of RM0.02 each into one (1) new STB Share of RM0.10 each (“Par Value Reduction and Consolidation”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 24/12/2012 to 24/12/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noShareWorks Sdn Bhd
10-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur

Tel: 603 – 6201 1120
Fax: 603 – 6201 3121
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers24/12/2012 
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 indicatorRatio
Ratio 5 : 1
Rights Issues/Offer Price

Remarks :
On 7 December 2012, STB had obtained an order from the High Court of Malaya confirming the share premium reduction and the Par Value Reduction and Consolidation pursuant to Sections 60(2) and 64(1) of the Act.

The shareholders of STB whose names appear on the Record of Depositors at the close of business at 5.00 p.m. on 24 December 2012 (“Entitlement Date”) shall be subjected to the Par Value Reduction and Consolidation.

In determining the shareholders’ entitlements pursuant to the Par Value Reduction and Consolidation, fractional entitlements will be disregarded and will be dealt with in such manner as the Board of Directors of STB in its absolute discretion deems fit and expedient in the best interest of STB.

The existing issued and paid-up share capital of STB is RM17,985,000 comprising 179,850,000 ordinary shares of RM0.10 each.

Upon the completion of the Par Value Reduction and Consolidation, the issued and paid-up share capital of STB shall be RM3,597,000 comprising 35,970,000 ordinary shares of RM0.10 each.

With the introduction of SPEEDS by Bursa Malaysia Securities Berhad (“Bursa Securities”), there will not be any suspension in the trading of the STB Shares for the purposes of implementation of the Par Value Reduction and Consolidation.

The date of listing and quotation for the new STB Shares on the ACE Market of Bursa Securities will be on 26 December 2012, being the next market day following the Entitlement Date.

The Par Value Reduction and Consolidation shall be effected concurrently.

This announcement is dated 10 December 2012.


Announcement Info

Company NameSANICHI TECHNOLOGY BERHAD (ACE Market) 
Stock Name SANICHI    
Date Announced10 Dec 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-121207-70782


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