AMPROP

Capital Repayment

AMCORP PROPERTIES BERHAD

Entitlement subject Capital Repayment
Entitlement description
Selective capital reduction and repayment exercise of Amcorp Properties Berhad ("AMPROP") pursuant to Section 116 of the Companies Act 2016 ("SCR")
Ex-Date 11 Nov 2021
Entitlement date 12 Nov 2021
Entitlement time 5:00 PM
Financial Year End
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 22 Nov 2021
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 12 Nov 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 Currency
Announced currency Malaysian Ringgit (MYR)
Disbursed currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 0.9000

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara

Damansara Heights

50490 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0320849000
Fax:0320949940


Remarks :
Under the SCR, all the shareholders of AMPROP whose names appear in the Record of Depositors of AMPROP as at the Entitlement Date (as set out above) (other than Amcorp Group Berhad, Clear Goal Sdn. Bhd., Tan Sri Azman Hashim and AMPROP Trust) ("Entitled Shareholders") will receive a cash amount of RM0.90 for each ordinary share in AMPROP ("AMPROP Share") held by them ("SCR Offer Price") on the Entitlement Date.

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 ("Bursa Depository") for purposes of receiving electronic cash dividend payments ("eDividend Accounts") within ten (10) days from the Effective Date, being the date on which an office copy of the order granted by the High Court of Malaya on 14 October 2021 confirming the reduction of the share capital of AMPROP under Section 116 of the Companies Act 2016 ("Act") ("High Court Order") is lodged with the Registrar of Companies pursuant to Section 116(6) of the Act. 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 Depository at their own risk within ten (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, 22 November 2021.

The trading of AMPROP Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9:00 a.m. on Thursday, 11 November 2021, being one (1) market day prior to the Entitlement Date. Accordingly, the last date and time for trading of AMPROP Shares on the Main Market of Bursa Securities prior to the suspension will be at 5:00 p.m. on Wednesday, 10 November 2021.

AMPROP Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Thursday, 11 November 2021. For the avoidance of doubt, the trading of AMPROP Shares will continue to be suspended until the delisting of AMPROP from the Official List of Bursa Securities following the completion of the SCR.

The notice to shareholders in relation to the suspension of trading of AMPROP Shares on the Main Market of Bursa Securities and the Entitlement Date for the SCR will be issued to the shareholders of AMPROP on Thursday, 28 October 2021.

Any enquiries concerning this notice of book closure should be addressed to the Share Registrar of AMPROP at the abovementioned contact details.


This Announcement is dated 27 October 2021.


Announcement Info

Company Name AMCORP PROPERTIES BERHAD
Stock Name AMPROP
Date Announced 27 Oct 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-18102021-00004
Corporate Action ID MY211018CAPD0001


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