BREM

Capital Repayment

BREM HOLDING BERHAD

Entitlement subject Capital Repayment
Entitlement description
Selective capital reduction and repayment exercise of Brem Holding Berhad ("Brem Holding") pursuant to Section 116 of the Companies Act, 2016 ("Act") ("SCR")
Ex-Date 24 Jun 2022
Entitlement date 27 Jun 2022
Entitlement time 5:00 PM
Financial Year End 31 Mar 2023
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 04 Jul 2022
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 27 Jun 2022
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
Announced currency Malaysian Ringgit (MYR)
Disbursed currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 1.2000

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no INSURBAN CORPORATE SERVICES SDN BHD
149 Jalan Aminuddin Baki
Taman Tun Dr Ismail

60000 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0377295529
Fax:0377285948


Remarks :
Under the SCR, all the shareholders of Brem Holding whose names appear in the Record of Depositors of Brem Holding as at the Entitlement Date (as set out above) (other than Brem Properties Sdn Bhd, Tan Sri Dato' Khoo Chai Kaa, Wawasan Ekuiti Sdn Bhd, Bond Resources Sdn Berhad, Classical Glory Sdn Bhd, Tradema Holdings Sdn Bhd, Low Yew Hwa, Khoo Chai Thiam, Teng Mee Yoong and Tan Joo Keng) ("Entitled Shareholders") shall be entitled to receive a cash consideration of RM1.20 for each existing ordinary share in Brem Holding ("Brem Holding Share") held on the Entitlement Date ("SCR Offer Price"). 

The settlement of the SCR Offer Price will be effected via electronic remittance to the Entitled Shareholders' bank accounts duly registered with Bursa Malaysia Depository Sdn Bhd for purposes of receiving electronic cash dividend ("eDividend Accounts") within 10 days from the date on which an office copy of the sealed order granted by the High Court of Malaya at Kuala Lumpur dated 12 May 2022 confirming the reduction of the issued share capital of Brem Holding pursuant to Section 116 of the Act ("High Court Order") is lodged with the Registrar of Companies pursuant to Section 116(6) of the Act ("Effective Date"). 

For the Entitled Shareholders who do not maintain eDividend Accounts, the settlement of the SCR Offer Price 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 Malaysia Depository Sdn Bhd at their own risk within 10 days from the Effective Date.

An office copy of the High Court Order will be lodged with the Registrar of Companies pursuant to Section 116(6) of the Act on the Entitlement Date and consequently, the settlement of the SCR Offer Price will be effected on Monday, 4 July 2022.

The trading of Brem Holding Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Friday, 24 June 2022, being 1 market day prior to the Entitlement Date. Accordingly, the last date and time for trading of Brem Holding Shares on the Main Market of Bursa Securities prior to the suspension will be at 5.00 p.m. on Thursday, 23 June 2022.

Brem Holding Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Friday, 24 June 2022. For the avoidance of doubt, the trading of Brem Holding Shares will continue to be suspended until the de-listing of Brem Holding from the Official List of Bursa Securities following the completion of the SCR.

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

This announcement is dated 13 June 2022.


Announcement Info

Company Name BREM HOLDING BERHAD
Stock Name BREM
Date Announced 13 Jun 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-13062022-00005
Corporate Action ID MY220613CAPD0001


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