Dividend in specie
| TIME DOTCOM BERHAD |
|
EX-date | 10/06/2013 |
| Entitlement date | 12/06/2013 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Dividend in specie |
| Entitlement description | Date of Entitlement and Notice of Book Closure of TIME dotCom Berhad ("TdC") to determine the shareholders of TdC who will be entitled to the distribution of up to 137,542,414 ordinary shares of RM0.01 each in DiGi.Com Berhad (“DiGi Shares”) by way of dividend-in-specie (“TdC Dividend-in-specie”). |
| Period of interest payment | to |
| Financial Year End | 31/12/2013 |
| Share transfer book & register of members will be | 12/06/2013 to 12/06/2013 closed from (both dates inclusive) for the purpose of determining the entitlements |
| Registrar's name ,address, telephone no | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel: 03-7849 0777 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 12/06/2013 |
| 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 | Ratio |
| Ratio | 24 : 100 |
| Rights Issues/Offer Price | |
| Remarks : |
| Pursuant to the TdC Dividend-in-specie, the entitled shareholders of TdC shall receive 24 DiGi Shares for every 100 ordinary shares of RM0.50 each in TdC, held as at 5.00 p.m. on the Entitlement Date. Fractional entitlements to the DiGi Shares to be distributed pursuant to the TdC Dividend-in-specie, if any, shall be disregarded and dealt with in such manner as the Board of Directors of TdC shall in their absolute discretion deem fit and in the best interest of TdC. The DiGi Shares to be distributed to the entitled shareholders pursuant to the TdC Dividend-in-specie are expected to be credited into the CDS Accounts of the entitled shareholders after 5.00 p.m. on 19 June 2013. Entitled shareholders will be able to deal in the DiGi Shares commencing from 20 June 2013. To avoid the incidence of odd lots of DiGi Shares, entitled shareholders will receive their entitlements under the TdC Dividend-in-specie as follows: i) up to the nearest, rounded down board lot of DiGi Shares, by way of crediting of DiGi Shares into the CDS Accounts of the entitled shareholders; and thereafter ii) in respect of any remaining odd lots of DiGi Shares after (i) above, if any, by way of cash in lieu of their entitlement to DiGi Shares (“Cash Settlement”). For the avoidance of doubt, any remaining odd lot of DiGi Shares entitled after (i) above will not be credited into the CDS Accounts of the entitled shareholders. For clarification, one (1) board lot of DiGi Shares comprises one hundred (100) DiGi Shares. To facilitate the Cash Settlement, CIMB Bank Berhad has been appointed to dispose of the aggregate of the odd lot entitlements of DiGi Shares on Bursa Malaysia Securities Berhad. Payments to the entitled shareholders in respect of the Cash Settlement will be made via cheques or the crediting of the payment to the nominated bank accounts of the entitled shareholders, as applicable, within 15 market days from the date of completion of the TdC Dividend-in-specie. This announcement is dated 28 May 2013. |
Announcement Info
| Company Name | TIME DOTCOM BERHAD |
| Stock Name | TIMECOM |
| Date Announced | 28 May 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-130528-37609 |