WILLOW - Notice of Bonus Entitlement

Bonus issue of 248,000,000 new ordinary shares in the Company ("Willowglen Shares" or "Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 1 existing Willowglen Share held at 5.00 p.m. on 11 June 2018 ("Entitlement Date") ("Bonus Issue").

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 7 Jun 2018
2)    The last date of lodgment : 11 Jun 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/2>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <50%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/2>, 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 11 June 2018 with bonus issue of WILLOW shares, any shareholder who is entitled to receive WILLOW bonus issue shares, may sell any or all of his WILLOW  shares arising from the bonus issue beginning the Ex-Date (7 June 2018).

For example, if Mr X purchases 100 WILLOW shares on cum basis on 6 June 2018, Mr X should receive 100 shares on 11 June 2018 . As a result of the bonus issue, a total of 200 WILLOW shares will be credited into Mr X's CDS account on the night of 11 June 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 7 June 2018 onwards."

Remarks 2:- The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 12 June 2018, being 1 market day after the Entitlement Date. The Share Registrar of Willowglen will issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders of Willowglen within 4 market days after the date of listing and quotation for the Bonus Shares on the Main Market of Bursa Securities.

 

 

Announcement Info

Company Name WILLOWGLEN MSC BERHAD
Stock Name WILLOW
Date Announced 30 May 2018
Category Listing Circular
Reference Number ILC-28052018-00011
Company Name: 
Willowglen MSC Berhad
Stock Name: 
Willow
Date: 
30th May 2018