Others
| UMW HOLDINGS BERHAD |
| EX-date | 03 Jul 2017 |
| Entitlement date | 05 Jul 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Others |
| Entitlement description | Distribution of 1,204,777,400 ordinary shares in UMW Oil & Gas Corporation Berhad ("UMW-OG") ("Distribution Shares"), being the entire shareholding of UMW Holdings Berhad ("UMWH" or "Company") in UMW OG, to the entitled shareholders of UMWH by way of reducing its share capital by RM704,759,950, effected via special resolution and confirmation by the High Court of Malaya pursuant to Sections 115(a) and 116 of the Companies Act, 2016 ("Distribution") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel. no.:03 - 2084 9000 Fax no.:03 - 2094 9940 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 05 Jul 2017 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 03 Jul 2017 |
| 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 |
| Ratio | 1.0312 : 1 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
We refer to the earlier announcements dated 19 January 2017, 27 February 2017, 3 March 2017, 11 April 2017, 4 May 2017 and 14 June 2017 ("Announcements"), as well as the circular to the shareholders of the Company dated 12 April 2017 ("Circular"). All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcements and the Circular.
The shareholders of UMWH whose names appear on the Record of Depositors of UMWH at the close of business at 5.00 p.m. on Wednesday, 5 July 2017 shall be entitled to the Distribution ("Entitled Shareholders").
The entitlement to the Distribution Shares shall be determined on the basis of One point Zero Three One Two (1.0312) UMW-OG Shares for every one (1) UMWH Share held by the Entitled Shareholders on the Entitlement Date.
In determining the Entitled Shareholders entitlement to the Distribution Shares, any fractional entitlements to the Distribution Shares (if any) shall be disregarded and the aggregate of such will be dealt with in such manner or terms as the Board may deem fit in a fair and equitable manner or such terms that are in the best interests of the Company.
Any Residual Shares following the distribution of the Distribution Shares to the Entitled Shareholders will be dealt with in such manner as the Board may deem fit. Accordingly, it is the intention of the Board to dispose of any Residual Shares via the open market.
Upon completion of the Distribution, the Entitled Shareholders will hold the Distribution Shares in proportion to their shareholdings in UMWH as at the Entitlement Date, and upon disposal of the Residual Shares (if any), UMWH will cease to be a shareholder of UMW-OG.
This Announcement is dated 19 June 2017. |
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 19 Jun 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19062017-00003 |