BJMEDIA

Dividend in specie

BERJAYA MEDIA BERHAD

EX-date

31/12/2008
Entitlement date05/01/2009
Entitlement time05:00:00 PM
Entitlement subjectDividend in specie
Entitlement description14% Single-Tier Exempt Dividend-In-Specie of 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015 of Berjaya Corporation Berhad of RM0.50 nominal value (“BCorp ICULS”) to the holders of ordinary share(s) of RM1.00 each in Berjaya Media Berhad (formerly known as Nexnews Berhad) (the “Company”) (“BMedia Share(s)”) on the basis of one (1) unit of BCorp ICULS for every two (2) BMedia Shares held
Period of interest payment to
Financial Year End30/04/2009
Share transfer book & register of members will be 05/01/2009 to 05/01/2009 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBerjaya Registration Services Sdn Bhd
Lot 06-03, Level 6 (East Wing)
Berjaya Times Square
No.1, Jalan Imbi
55100 Kuala Lumpur
Tel: 03 2145 0533
Fax: 03 2145 9702
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers05/01/2009 
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 indicatorRatio
Ratio 1 : 2
Rights Issues/Offer Price

Remarks :
1. Pursuant to the Dividend-In-Specie, entitled shareholders of BMedia will receive one (1) BCorp ICULS for every two (2) BMedia Shares held as at 5:00 pm on the Entitlement Date.

Fractional entitlements of the BCorp ICULS will be disregarded and dealt with in such manner as the Board of BMedia shall in its absolute discretion think expedient or to be in the best interest of BMedia.

Barring unforeseen circumstances, the Company intends to distribute the BCorp ICULS pursuant to the Dividend-In-Specie within ten (10) market days from the Entitlement Date.

2. For Irredeemable Convertible Preference Shares (“ICPS”) Holders

The ICPS holders must convert their ICPS prior to the Entitlement Date for them to be entitled to the Dividend-In-Specie. In this regard, note that the ICPS are only convertible during the months of January and July every year until the maturity date of the ICPS (the next conversion period being January 2009).

After the Entitlement Date, the conversion price of the outstanding ICPS will be adjusted in accordance with the provisions of the Memorandum and Articles of Association of BMedia, following the completion of the Dividend-In-Specie and the Proposed Capital Reduction (as stated in the circular dated 11 November 2008).

3. For Holders of the Warrants

The holders of the Warrants must exercise their Warrants and be duly allotted with the new BMedia Shares prior to the Entitlement Date for them to be entitled to the Dividend-In-Specie. In this regard, note that the deed poll dated 19 October 2006 constituting the Warrants (“Deed Poll”) stipulates that new BMedia Shares resulting from the exercise of the Warrants will be allotted not later than 10 market days, or such other period as may be required by Bursa Malaysia Securities Berhad (“Bursa Securities”) or any other applicable authorities.

As such, the holders of the Warrants are advised to exercise their Warrants in accordance with the provisions of the Deed Poll and within such time frame as stipulated in the Listing Requirements of Bursa Securities prior to the Entitlement Date should they wish to participate in the Dividend-In-Specie.

If the holders of the Warrants have not exercised their Warrants within the time period as stipulated and described above, they will then be entitled to an adjustment in the exercise price of their Warrants in accordance with the provisions of the Deed Poll.

Further details on the adjustment in the exercise/conversion price of the Warrants/ICPS as well as the Proposed Capital Reduction are set out in the circular dated 11 November 2008.


Announcement Info

Company NameBERJAYA MEDIA BERHAD  
Stock Name BJMEDIA    
Date Announced15 Dec 2008  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-081212-52900


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