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MBG

Capital Repayment

MINTYE BERHAD

Entitlement subject Capital Repayment
Entitlement description
Selective capital reduction and repayment exercise of Mintye Berhad ("Mintye") pursuant to Section 116 of the Companies Act 2016 ("SCR")
Ex-Date 29 Jun 2020
Entitlement date 30 Jun 2020
Entitlement time 5:00 PM
Financial Year End 31 Jan 2021
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 09 Jul 2020
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 30 Jun 2020
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) 1.3600

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BINA MANAGEMENT (M) SDN BHD
Lot 10, The Highway Centre
Jalan 51/205

46050 Petaling Jaya

Selangor

Malaysia

Tel:0377843922
Fax:0377841988


Remarks :
Under the SCR, all the shareholders of Mintye whose names appear on the Record of Depositors of Mintye as at the Entitlement Date (as set out above) other than Yatee & Sons Sdn Bhd, Yeo Kim Swee, Yeo Kim Soon, Yeo Ah Eng, Yeo Eng Hong, Yeo Kim Bock, Yeo Eng Lin, Yeo Eng Lam and Yeo Ean Hua ("Entitled Shareholders") shall be entitled to receive a cash amount of RM1.36 for each existing ordinary share held in Mintye ("Mintye Share") held on the Entitlement Date ("SCR Offer Price"). 

The settlement of the SCR Offer Price will be effected via electronic remittance to the Entitled Shareholders eDividend accounts duly registered with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") within 10 days from the date on which an office copy of the order granted by the High Court of Malaya confirming the reduction of the share capital of Mintye is lodged with the Registrar of Companies in Malaysia pursuant to Section 116(6) of the Companies Act 2016 ("Effective Date"). For the Entitled Shareholders who do not maintain eDividend accounts, the settlement of the SCR Offer Price for the SCR will be effected via remittance in the form of cheques, bankers drafts and/or cashiers 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 10 days from the Effective Date.

The trading of Mintye Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9:00 a.m. on Monday, 29 June 2020. Accordingly, the last date and time for trading of Mintye Shares on the Main Market of Bursa Securities prior to the suspension will be at 5:00 p.m. on Friday, 26 June 2020. 

Mintye Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Monday, 29 June 2020. For the avoidance of doubt, the trading of Mintye Shares will continue to be suspended until the delisting of Mintye 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 Mintye Shares and the Entitlement Date for the SCR will be despatched to the shareholders of Mintye on Wednesday, 17 June 2020. 

Any enquiries concerning this notice of book closure date should be addressed to the share registrar of Mintye at the abovementioned contact details.

This announcement is dated 16 June 2020.


Announcement Info

Company Name MINTYE BERHAD
Stock Name MBG
Date Announced 16 Jun 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-16062020-00002
Corporate Action ID MY200616CAPD0001


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