Others
| LINGUI DEVELOPMENTS BERHAD |
|
EX-date | 21/02/2013 |
| Entitlement date | 25/02/2013 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | Proposed privatisation of Lingui Developments Berhad (“Lingui”) by Samling Global Limited by way of a members’ scheme of arrangement under Section 176 of the Companies Act, 1965 (“Proposed Lingui Privatisation”) |
| 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 entitlements |
| Registrar's name ,address, telephone no | Bina Management (M) Sdn. Bhd. Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya, Selangor Tel. No.: +603 7784 3922 |
| Payment date | 06/03/2013 |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 25/02/2013 |
| 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 |
| Currency | Malaysian Ringgit (MYR) |
| Entitlement in Currency | 1.63 |
| Remarks : |
| (Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the explanatory statement to the shareholders of Lingui in relation to the Proposed Lingui Privatisation dated 19 December 2012) The Proposed Lingui Privatisation is being undertaken by way of a SOA under Section 176 of the Act between Lingui and all the Lingui Scheme Shareholders which involves the acquisition and transfer of the Lingui Scheme Shares to SMI, a wholly-owned subsidiary of SGL. In consideration of the acquisition and transfer of each Lingui Share from the Lingui Scheme Shareholders to SMI, SGL will pay RM1.63 for each Lingui Scheme Share in cash. Lingui Scheme Shareholders whose names appear on the Record of Depositors of the Company and the Register of Members as at 5.00 p.m. on Monday, 25 February 2013 (“Books Closing Date”) will be entitled to participate in the Lingui Scheme. The settlement of the Lingui Scheme Offer Price will be effected by Wednesday, 6 March 2013, which is not later than ten (10) days after the Books Closing Date. The trading of Lingui Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Tuesday, 19 February 2013, which is three (3) clear Market Days prior to the Books Closing Date. Accordingly, the last day of trading of Lingui Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 18 February 2013. The trading of Lingui Shares on the Main Market of Bursa Securities will continue to be suspended with effect from 9.00 a.m. on Tuesday, 19 February 2013 until the completion of the Lingui Scheme and the de-listing of Lingui from the Official List of Bursa Securities. The notice to shareholders in relation to the suspension of trading of Lingui Shares and the Books Closing Date for the Lingui Scheme will be despatched to Lingui’s shareholders on 7 February 2013. Any enquiries concerning this notice of book closure date should be addressed to the Share Registrar of Lingui at the abovementioned address. This announcement is dated 6 February 2013. |
Announcement Info
| Company Name | LINGUI DEVELOPMENTS BERHAD |
| Stock Name | LINGUI |
| Date Announced | 6 Feb 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-130206-60899 |