INARI - Notice of Bonus Entitlement

INARI AMERTRON BERHAD

BONUS ISSUE OF NEW ORDINARY SHARES OF RM0.10 EACH IN INARI AMERTRON BERHAD ("INARI") ("INARI SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING INARI SHARES HELD AT 5.00 P.M. ON 6 JANUARY 2016 ("BONUS ISSUE"). 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 4 Jan 2016
2)    The last date of lodgment : 6 Jan 2016
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/5>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <20%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/5>, of the Transacted Price is applicable.

Remarks 1:- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 7 January 2016 with bonus issue of INARI shares of RM 0.10 each, any shareholder who is entitled to receive INARI bonus issue shares, may sell any or all of his INARI shares arising from the bonus issue beginning the Ex-Date (4 January 2016).  

For example, if Mr X purchases 400 INARI shares on cum basis on 31 December 2015, Mr X should receive 400 shares on 6 January 2016. As a result of the bonus issue, a total of 500 INARI shares will be credited into Mr X's CDS account on the night of 6 January 2016 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 500 on or after the Ex-Date ie from 4 January 2016 onwards."

Remarks 2:- Shareholders' approval for the Bonus Issue was obtained on 16 December 2015. The Bonus Shares will be listed and quoted on 7 January 2016, being the next market day after the book closure date. The Share Registrar of Inari will issue and despatch notice of allotment to all entitled shareholders of Inari within four (4) market days after the date of listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. Existing holders of Warrants 2013/2018 and Warrants 2015/2020 who wish to be entitled to the Bonus Shares under the Bonus Issue are required to submit the warrants exercise form to the Share Registrar, Megapolitan Management Services Sdn Bhd, No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur (Tel no.: 03-2284 8311) not later than 5.00 p.m. on 23 December 2015. This announcement is dated 17 December 2015.

 


Announcement Info

Company Name INARI AMERTRON BERHAD
Stock Name INARI
Date Announced 18 Dec 2015
Category Listing Circular
Reference Number ILC-18122015-00016