7119

Capital Repayment

DEGEM BERHAD

Entitlement subject Capital Repayment
Entitlement description
SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR")
Ex-Date 09 Jun 2020
Entitlement date 10 Jun 2020
Entitlement time 5:00 PM
Financial Year End 31 Dec 2019
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 19 Jun 2020
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 10 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)
0
Entitlement indicator Currency
Announced currency Malaysian Ringgit (MYR)
Disbursed currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 1.1000

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat)

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:0378904700
Fax:0378904670


Remarks :
Under the SCR, the Entitled Shareholders (as defined in the circular to shareholders dated 15 November 2019), shall be entitled to receive a cash amount of RM1.10 for each existing ordinary share in DeGem ("DeGem Share(s)") held on the Entitlement Date. 

The settlement of the capital repayment will be effected via electronic remittance to the Entitled Shareholders eDividend Account duly registered with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") within 10 days from the Entitlement Date. For the Entitled Shareholders who do not maintain eDividend accounts, the settlement of the capital repayment will be effected via remittance in the form of electronic payments or cheques, banker's draft 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 Entitlement Date. 

The trading of DeGem Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Tuesday, 9 June 2020, being 1 market day before the Entitlement Date. Accordingly, the last day for trading of DeGem Shares on the Main Market of Bursa Securities prior to the suspension will be 5.00 p.m. on Friday, 5 June 2020. 

The DeGem Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Tuesday, 9 June 2020. For the avoidance of doubt, the trading of DeGem Shares will continue to be suspended until the delisting of DeGem 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 DeGem Shares and the Entitlement Date for the SCR will be despatched to DeGems shareholders on 27 May 2020. Any enquiries concerning this notice of book closure date should be addressed to the share registrar of DeGem at the abovementioned contact details. 

This announcement is dated 22 May 2020.


Announcement Info

Company Name DEGEM BERHAD
Stock Name DEGEM
Date Announced 22 May 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-20052020-00006
Corporate Action ID MY200520CAPD0001


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