RUBEREX - Notice of Bonus Entitlement
|RUBBEREX CORPORATION (M) BERHAD|
BONUS ISSUE OF 554,850,234 NEW ORDINARY SHARES IN RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX SHARES")("BONUS SHARES"), ON THE BASIS OF 2 BONUS SHARES FOR EACH EXISTING RUBBEREX SHARE (INCLUDING TREASURY SHARES) HELD ON 20 OCTOBER 2020
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 19 Oct 2020
2) The last date of lodgment : 20 Oct 2020
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <2/3>, of Selling Price against the Selling Client
b) Buying Broker to deduct <66.66%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <2/3>, of the Transacted Price is applicable.
Remarks 1:- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 20 Oct 2020 with bonus issue of RUBEREX shares, any shareholder who is entitled to receive RUBEREX bonus issue shares, may sell any or all of his RUBEREX shares arising from the bonus issue beginning the Ex-Date (19 Oct 2020).
For example, if Mr X purchases 100 RUBEREX shares on cum basis on 18 Oct 2020, Mr X should receive 100 shares on 20 Oct 2020 . As a result of the bonus issue, a total of 300 RUBEREX shares will be credited into Mr X's CDS account on the night of 20 Oct 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 19 Oct 2020 onwards.
Remarks 2 : Approval from Bursa Malaysia Securities Berhad for the Bonus Issue was obtained on 11 September 2020. Shareholders approval for the Bonus Issue was obtained on 5 October 2020. The Bonus Shares will be listed and quoted on 21 October 2020, being the next market day after the book closure date.
The Share Registrar of Rubberex Corporation (M) Berhad will issue and despatch notice of allotment to all entitled shareholders of Rubberex Corporation (M) Berhad within 4 markets days after the date of listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad.
|Company Name||RUBBEREX CORPORATION (M) BERHAD|
|Date Announced||06 Oct 2020|