HLIND
Others
| HONG LEONG INDUSTRIES BERHAD |
|
EX-date | 14/10/2014 |
| Entitlement date | 16/10/2014 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | Distribution of 345,030,635 new ordinary shares of RM1.00 each in Narra Industries Berhad (“Narra Shares”) to the shareholders of Hong Leong Industries Berhad (“HLI”) by way of a capital reduction in accordance with Section 64 of the Companies Act, 1965 and a capital repayment on the basis of 1,080 Narra Shares for every 1,000 ordinary shares of RM0.50 each in HLI (“HLI Shares”) (“Capital Distribution”) |
| 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 | Hong Leong Share Registration Services Sdn Bhd Level 5, Wisma Hong Leong 18, Jalan Perak 50450 Kuala Lumpur Tel. No.: 03-2164 1818 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 16/10/2014 |
| 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 |
| Ratio | 1080 : 1000 |
| Rights Issues/Offer Price | |
| Remarks : |
| The above 345,030,635 Narra Shares to be distributed represent substantially all the consideration shares to be received by HLI from Narra Industries Berhad (“Narra”) pursuant to the disposal by HLI of Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd) and the entire irredeemable convertible preference shares in Hume Cement Sdn Bhd to Narra. The Capital Distribution shall be implemented by way of reduction of the share premium reserve of HLI by approximately RM234.1 million. Under the Capital Distribution, entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”). Fractional entitlements to the Narra Shares, if any, shall be disregarded and shall be dealt with by the Board of Directors of HLI as it may in its absolute discretion deems fit or expedient and in the best interests of HLI. The Narra Shares to be distributed shall be credited into the Central Depository System accounts of the entitled shareholders within 8 market days from the Entitlement Date. This announcement is dated 30 September 2014. |
Announcement Info
| Company Name | HONG LEONG INDUSTRIES BERHAD |
| Stock Name | HLIND |
| Date Announced | 30 Sept 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | ML-140930-53773 |