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WEIDA

Others

WEIDA (M) BHD

EX-date 05 Dec 2018
Entitlement date 07 Dec 2018
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description Selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act ("SCR")
Period of interest payment   to  
Financial Year End 31 Mar 2019
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 SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151
Payment date 14 Dec 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 07 Dec 2018
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
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 2.4
Par Value (if applicable)


Remarks :
Under the SCR, the Entitled Shareholders (as defined in the circular to shareholders dated 7 September 2018), shall be entitled to receive a cash amount of RM2.40 for each existing ordinary share in Weida (M) Bhd (Weida or Company) ("Weida Share") held on the Entitlement Date (as set out above).

The settlement of the SCR Offer Price for the SCR will be effected via electronic remittance to the Entitled Shareholders' eDividend accounts duly registered with Bursa Depository. 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, banker's drafts and/or cashier's 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 day on which an office copy of the order granted by the High Court of Malaya confirming the capital reduction pursuant to the SCR has been lodged with the Registrar of Companies in Malaysia.

The trading of Weida Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Monday, 3 December 2018, being 3 clear market days prior to the Entitlement Date. Accordingly, the last day for trading of Weida Shares on the Main Market of Bursa Securities prior to the suspension will be 5.00 p.m. on Friday, 30 November 2018.

The Weida Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Monday, 3 December 2018. For the avoidance of doubt, the trading of Weida Shares will continue to be suspended until the delisting of Weida 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 Weida Shares and the Entitlement Date for the SCR will be despatched to Weida's shareholders on Friday, 23 November 2018.

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


This announcement is dated 21 November 2018.


Announcement Info

Company Name WEIDA (M) BHD
Stock Name WEIDA
Date Announced 21 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-21112018-00010