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 |