Bonus issue of up to 516,818,081 new ordinary shares in SEG International Bhd (“SEGi Share(s)”) (“Bonus Share(s)”) to be credited as fully paid-up on the basis of five (5) Bonus Shares for every seven (7) existing SEGi Shares held as at 5.00 p.m. on 28 June 2017.
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 22 Jun 2017
2) The last date of lodgment : 28 Jun 2017
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <5/12>, of Selling Price against the Selling Client
b) Buying Broker to deduct <41.66%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <5/12>, 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 28 June 2017 with bonus issue of SEG shares, any shareholder who is entitled to receive SEG bonus issue shares, may sell any or all of his SEG shares arising from the bonus issue beginning the Ex-Date (22 June 2017).
For example, if Mr X purchases 700 SEG shares on cum basis on 21 June 2017, Mr X should receive 700 shares on 28 June 2017. As a result of the bonus issue, a total of 1200 SEG shares will be credited into Mr X’s CDS account on the night of 28 June 2017 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 1200 on or after the Ex-Date ie from 22 June 2017 onwards.”
Remarks 2: In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Bonus Shares will be listed and quoted on 29 June 2017, being one (1) market day after the books closing date. The Share Registrar of the Company will issue and despatch notices of allotment to all entitled shareholders not later than four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities. Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.