OVERSEA
Subdivision
| OVERSEA ENTERPRISE BERHAD |
| Entitlement subject | Subdivision |
| Entitlement description | SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY") ("SHARE") HELD AT 5.00 P.M. ON 24 FEBRUARY 2021 ("BOOKS CLOSURE DATE") INTO 3 SHARES ("SUBDIVIDED SHARES") ("SHARE SPLIT") |
| Ex-Date | 23 Feb 2021 |
| Entitlement date | 24 Feb 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2021 |
| 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 | 24 Feb 2021 |
| 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 | Ratio |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| OVERSEA ENTERPRISE BERHAD | 3.0000 : 1.0000 | 25 Feb 2021 |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
For illustration, assuming no new Shares pursuant to the ongoing private placement are issued and no treasury share is resold in the open market prior to the Books Closure Date, the existing total number of 246,415,000 issued Shares (including 3,900,000 treasury shares) as at the date of this announcement will be subdivided into 739,245,000 Subdivided Shares (including 11,700,000 treasury shares).
However, assuming:-
(i) all 48,503,000 new Shares pursuant to the ongoing private placement are issued prior to the Books Closure Date; and
(ii) all 3,900,000 Shares held as treasury shares are resold in the open market prior to the Books Closure Date,
the enlarged total number of 294,918,000 issued Shares will be subdivided into 884,754,000 Subdivided Shares.
The Subdivided Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 February 2021, being the next market day following the Book Closure Date.
The notices of allotment for the Share Split 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.
This announcement is dated 9 February 2021. |
Announcement Info
| Company Name | OVERSEA ENTERPRISE BERHAD |
| Stock Name | OVERSEA |
| Date Announced | 09 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-09022021-00003 |
| Corporate Action ID | MY210209SPLF0001 |