Others
| TRADEWINDS CORPORATION BERHAD |
|
EX-date | 23/08/2013 |
| Entitlement date | 27/08/2013 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 INVOLVING TRADEWINDS CORPORATION BERHAD ("SCR") |
| 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 | Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Helpdesk Tel No: 03-7849 0777 Fax No: 03-7841 8151/8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 27/08/2013 |
| 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 | 1.1 |
| Remarks : |
| The SCR entails a selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965 involving the reduction of the issued and paid-up share capital of TCB from RM1,106,032,231 comprising 1,106,032,231 ordinary shares of RM1.00 each in TCB ("TCB Shares") to RM759,031,091 comprising 759,031,091 TCB Shares by way of cancellation of a total of 347,001,140 TCB Shares, which includes 31,545,558 TCB Shares currently held by Perspective Lane (M) Sdn Bhd, Kelana Ventures Sdn Bhd and Seaport Terminal (Johore) Sdn Bhd (collectively, the "Major Shareholders"). Under the SCR, all the shareholders of TCB other than the Major Shareholders, whose names appear in the Record of Depositors of TCB as at 5.00 p.m. on Tuesday, 27 August 2013 ("Entitlement Date") shall be entitled to receive a cash payment of RM1.10 for each existing TCB Share held. The cash payment is expected to be made within ten (10) days from the Entitlement Date. TCB will be delisted and removed from the Official List of Bursa Malaysia Securities Berhad ("Bursa Securities") upon successful completion of the SCR. The trading of TCB Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Wednesday, 21 August 2013, being three (3) clear market days prior to the Entitlement Date. Accordingly, the last day of trading for TCB Shares on the Main Market of Bursa Securities prior to the suspension will be 5.00 p.m. on Tuesday, 20 August 2013. The TCB Shares will no longer be traded on the Official List of Bursa Securities after the trading of TCB Shares is suspended on Wednesday, 21 August 2013. For the avoidance of doubt, the trading of TCB Shares will continue to be suspended from 9.00 a.m. on Wednesday, 21 August 2013 until the removal of TCB from the Official List of Bursa Securities. The notice to shareholders in relation to the suspension of trading of TCB Shares and the Entitlement Date for the SCR will be despatched to the shareholders of TCB on 13 August 2013. Any enquiries concerning this notice of book closure date should be addressed to the Share Registrar of TCB at the abovementioned contact details. This announcement is dated 12 August 2013. |
Announcement Info
| Company Name | TRADEWINDS CORPORATION BERHAD |
| Stock Name | TWSCORP |
| Date Announced | 12 Aug 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-130805-39802 |