Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

MAGNI

Subdivision

MAGNI-TECH INDUSTRIES BERHAD

EX-date 14 Oct 2019
Entitlement date 15 Oct 2019
Entitlement time 05:00 PM
Entitlement subject Subdivision
Entitlement description Share split involving the subdivision of every one (1) existing ordinary share in Magni-Tech Industries Berhad ("Magni") held on the Entitlement Date into two (2) ordinary shares in Magni ("Subdivided Shares") ("Share Split")
Period of interest payment   to  
Financial Year End 30 Apr 2020
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no PLANTATION AGENCIES SDN BERHAD 3rd Floor, Standard Chartered Bank Chambers 2, Leboh Pantai 10300 Tel:04-2625333 Fax:04-2622018
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 15 Oct 2019
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 1 : 2
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The Share Split will be implemented concurrently with the bonus issue exercise, which involves an issuance of 108,487,894 new Subdivided Shares ("Bonus Shares") on the basis of one (1) Bonus Share for every three (3) Subdivided Shares held on the same Entitlement Date as the Share Split ("Bonus Issue"). However, for the avoidance of doubt, the Bonus Issue will only be undertaken immediately after the completion of the Share Split. 

The Subdivided Shares and the Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 16 October 2019 ("Listing Date"), being the next market day following the Entitlement Date.

The share registrar of Magni will issue and despatch the notices of allotment for the Subdivided Shares and the Bonus Shares to the entitled shareholders of Magni whose names appear in the Record of Depositors of Magni on the Entitlement Date within four (4) market days after the Listing Date.


This Announcement is dated 1 October 2019.


Announcement Info

Company Name MAGNI-TECH INDUSTRIES BERHAD
Stock Name MAGNI
Date Announced 01 Oct 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-27092019-00002