ARBB
Dividend in specie
| ARB BERHAD |
| Entitlement subject | Dividend in specie |
| Entitlement description | DISTRIBUTION-IN-SPECIE OF UP TO 20,124,963 ORDINARY SHARES IN ARB IOT GROUP LIMITED ("AIGL") ("AIGL SHARES"), REPRESENTING APPROXIMATELY 76.12% EQUITY INTEREST HELD BY ARB BERHAD ("ARB") IN AIGL, ON THE BASIS OF 14 AIGL SHARES FOR EVERY 1,000 ORDINARY SHARES IN ARB ("ARB SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF ARB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF ARB SHARES AS AT 22 JANUARY 2024 ("DIVIDEND-IN-SPECIE") |
| Ex-Date | 19 Jan 2024 |
| Entitlement date | 22 Jan 2024 |
| Entitlement time | 05:00 PM |
| Financial Year End | 31 Dec 2024 |
| Share transfer book& register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 22 Jan 2024 |
| 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 |
| Par Value (if applicable) | |
| Securities Entitlement | |
| Company Name |
ARB IOT GROUP LIMITED |
| Entitlement |
Ordinary Shares |
| Ratio (New : Existing) | 14.0000 : 1,000.0000 |
| Securities Crediting Date | |
| Available / Listing Date | |
| Fractional Entitlement | |
| Registrar or Service Provider name, address, telephone no |
ALDPRO CORPORATE SERVICES SDN BHD B-21-1, Level 21, Tower B Northpoint Mid Valley City No. 1, Medan Syed Putra Utara 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0397702200 Fax:0397702239 |
| Remarks : |
We refer to the circular to shareholders of the Company in relation to the Dividend-in-Specie dated 12 December 2023 ("Circular"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Circular.
The shareholders of the Company whose names appear in the Record of Depositors of ARB Shares as at 5:00 p.m. on Monday, 22 January 2024 ("Entitlement Date") shall be entitled to the Dividend-in-Specie ("Entitled Shareholders"). The Entitled Shareholders will receive their entitlements to the Distributable Shares at no cost.
The Distributable Shares are expected to be distributed on the basis of 14 AIGL Shares for every 1,000 ARB Shares held by the Entitled Shareholders on the Entitlement Date. Any fractional entitlements that may arise under the Dividend-in-Specie shall be disregarded and dealt with in such manner or terms as the Board shall in its absolute discretion deem fit, fair, equitable and in the best interest of the Company.
This announcement is dated 2 January 2024. |
Announcement Info
| Company Name | ARB BERHAD |
| Stock Name | ARBB |
| Date Announced | 02 Jan 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-28122023-00001 |
| Corporate Action ID | MY231228DVSE0001 |