KUCHAI
Dividend in specie
| KUCHAI DEVELOPMENT BERHAD |
| Entitlement subject | Dividend in specie |
| Entitlement description | Distribution of 26,751,446 ordinary shares in Sungei Bagan Rubber Company (Malaya) Berhad ("Sg Bagan"), being the consideration shares received from the disposal of substantially all the assets and liabilities in Kuchai Development Berhad ("KDB") to Sg Bagan, to the entitled shareholders of KDB by way of dividend-in-specie ("Dividend-In-Specie") |
| Ex-Date | 21 Nov 2024 |
| Entitlement date | 22 Nov 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2025 |
| 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 | 22 Nov 2024 |
| 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) | |
| Securities Entitlement | |
| Company Name |
SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD |
| Entitlement |
Ordinary Shares |
| Ratio (New : Existing) | 0.2160 : 1.0000 |
| Securities Crediting Date | 02 Dec 2024 |
| Available / Listing Date | |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024, 10 October 2024, 11 October 2024, 14 October 2024 and 8 November 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to, among others, the Dividend-In-Specie. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.
The shareholders of KDB whose names appear in the Record of Depositors of KDB as at 5:00 p.m. on Friday, 22 November 2024 ("Entitlement Date") shall be entitled to the Dividend-In-Specie ("Entitled Shareholders"). The Entitled Shareholders will not be required to pay for their entitlements to the Consideration Shares and will receive their entitlements at no cost.
Based on the total number of 123,747,334 KDB Shares in issue, the Consideration Shares are expected to be distributed on the basis of approximately 0.216 Sg Bagan Shares for every 1 KDB Share held by the Entitled Shareholders as at the Entitlement Date. For illustrative purpose, an Entitled Shareholder holding 1,000 KDB Shares will be entitled to receive 216 Sg Bagan Shares from the Proposed Dividend-In-Specie.
The actual number of Consideration Shares which the Entitled Shareholders will receive under the Dividend-In-Specie will be calculated based on the following formula:
[(Number of Consideration Shares held by KDB / Number of KDB Shares in issue) × Number of KDB Shares held by the Entitled Shareholder as at the Entitlement Date]
Fractional entitlements to the Consideration Shares, if any, will be disregarded and dealt with in such manner or terms as the Board in its absolute discretion deems fit and expedient, and in the best interest of the Company.
This announcement is dated 8 November 2024. |
Announcement Info
| Company Name | KUCHAI DEVELOPMENT BERHAD |
| Stock Name | KUCHAI |
| Date Announced | 08 Nov 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08112024-00005 |
| Corporate Action ID | MY241108DVSE0001 |