RENEUCO
Subdivision
| KPOWER BERHAD |
| Entitlement subject | Subdivision |
| Entitlement description | Subdivision of every 1 existing ordinary share in KPower Berhad (formerly known as Kumpulan Powernet Berhad) ("KPower" or the "Company") ("KPower Share(s)" or "Share(s)") held at 5.00 p.m. on 12 January 2021 ("Entitlement Date") into 4 KPower Shares ("Subdivided Shares") ("Share Split") |
| Ex-Date | 11 Jan 2021 |
| Entitlement date | 12 Jan 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 12 Jan 2021 |
| 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 |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| KPOWER BERHAD | 4.0000 : 1.0000 | 13 Jan 2021 |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
The actual number of Subdivided Shares to be issued would depend on the total number of issued Shares on the Entitlement Date.
Fractional entitlements for the Subdivided Shares arising from the Share Split, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.
The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 13 January 2021, being the next market day following the Entitlement Date.
The notices of allotment for the Subdivided Shares will be despatched to the entitled shareholders not later than 4 market days after the date of listing and quotation of the Subdivided Shares on Bursa Securities.
This announcement is dated 28 December 2020. |
Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 28 Dec 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-28122020-00001 |
| Corporate Action ID | MY201228SPLF0001 |