2194
Entitlement to IPO
| MMC CORPORATION BERHAD |
|
EX-date | 13/04/2015 |
| Entitlement date | 15/04/2015 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Entitlement to IPO |
| Entitlement description | Restricted offering of 72,000,000 new ordinary shares of RM0.10 each in Malakoff Corporation Berhad (“Malakoff”) (“Issue Shares”) to the Entitled Shareholders of MMC Corporation Berhad (“MMC”) (as defined below) in conjunction with the listing of Malakoff on the Main Market of Bursa Malaysia Securities Berhad (“Restricted Offering”) |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlements |
| Registrar's name ,address, telephone no | Symphony Share Registrars Sdn Bhd Level 6, Symphony House Block D13, Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Malaysia Tel. no.: +603 7841 8000 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15/04/2015 |
| 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) | 72000000 |
| Entitlement indicator | Ratio |
| Ratio | 0 : 0 |
| Rights Issues/Offer Price | |
| Remarks : |
| Pursuant to the initial public offering of Malakoff (“IPO”), 72,000,000 Issue Shares are reserved for application by the shareholders of MMC (except for the Excluded Shareholders (as defined below)) whose names appear in the record of depositors of MMC as at 5.00 p.m. on 15 April 2015 (“Entitlement Date”) and who are eligible to apply for the Issue Shares under the Restricted Offering (“Entitled Shareholders of MMC”), and shall be allocated in the following manner: (a) each Entitled Shareholder of MMC who applies for at least 100 Issue Shares is guaranteed an allocation of 100 Issue Shares; and (b) any remaining Issue Shares after the allocation under item (a) above shall be allocated to the Entitled Shareholders of MMC who apply in excess of 100 Issue Shares on a pro-rata basis according to their respective shareholdings in MMC as at the Entitlement Date, subject always to such allocation being made on a fair and equitable basis and that the intention of the Board of Directors (“Board”) of Malakoff as set out above is achieved. Any fractional entitlements and odd lots arising from the Restricted Offering will be disregarded and rounded down to the nearest board lot, and the aggregate of such fractions and such odd lots will be dealt with in such manner or on such terms as the Board of Malakoff may deem fit and expedient in the best interest of Malakoff. Excluded Shareholders are defined as shareholders of MMC as stated in its record of depositors who fall into any one of the following categories as at 5:00 p.m. on the Entitlement Date: (i) U.S. persons (as such term is defined under Regulation S under the United States Securities Act of 1933) whether located in or outside the United States of America*; (ii) persons with registered addresses in jurisdictions outside Malaysia; (iii) persons who are bound under the jurisdictions outside Malaysia in which acceptance under the Restricted Offering would result in the contravention of the laws of such jurisdictions (whether in the absence of any necessary consent and/or compliance with any registration or other legal requirements or for any other reason); or (iv) persons who are, in the opinion of the Board of Malakoff (on the advice of its legal advisers), necessary or expedient to be excluded from participating in the Restricted Offering by reason of legal or regulatory requirements. The entitlement of the Entitled Shareholders of MMC to participate in the Restricted Offering is non-renounceable and non-tradable. Entitled Shareholders of MMC are not allowed to submit multiple applications for the Issue Shares made available under the Restricted Offering and the Board of Malakoff has the absolute discretion to reject multiple applications. However, the Restricted Offering does not preclude the Entitled Shareholders of MMC from making additional applications for the Issue Shares reserved for application by the Malaysian public. Excluded Shareholders are advised that they shall be solely responsible to seek their own advice as to the laws of any jurisdiction which they may be subject to. Participation in the Restricted Offering by any of the shareholders of MMC shall be based on their warranty to MMC, Malakoff or Maybank Investment Bank Berhad (“Maybank IB”) that they may lawfully so participate without MMC, Malakoff, Maybank IB and/or other advisers and experts being in breach of the laws of any jurisdiction other than the laws of Malaysia to which the Excluded Shareholders are or might be subject to. The prospectus for the IPO of Malakoff (“Prospectus”) which will be issued in due course, will not be registered under applicable securities legislation of any foreign jurisdiction. Accordingly, the Prospectus will not be sent to the Excluded Shareholders. Note: * Defined in the circular to MMC’s shareholders dated 14 March 2015 as “persons located in the United States of America (as such term is defined under Regulation S under the United States Securities Act of 1933)”. This announcement is dated 1 April 2015. |
Announcement Info
| Company Name | MMC CORPORATION BERHAD |
| Stock Name | MMCCORP |
| Date Announced | 1 Apr 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-150401-66804 |