Bursa
Announcements

1) SPECIAL CASH DISTRIBUTION OF RM0.25 PER ORDINARY SHARE BY EKOVEST BERHAD ("EKOVEST") TO THE ENTITLED SHAREHOLDERS OF EKOVEST ("SPECIAL DIVIDEND").

2) SUBDIVISION OF EVERY 2 EXISTING ORDINARY SHARE IN EKOVEST BERHAD ("EKOVEST") INTO 5 ORDINARY SHARES IN EKOVEST ("SUBDIVIDED SHARES") ("SHARE SPLIT").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - All” as from: 23 Feb 2017
2)  The last date of lodgment : 27 Feb 2017
3)  Date Payable : 8 Mar 2017

Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 27 February 2017 with share split EKOVEST shares,any shareholder who is entitled to receive EKOVEST share split shares, may sell any or all of his EKOVEST shares arising from the share split beginning the Ex-Date (23 February 2017). 

For example, if Mr X purchases 100 EKOVEST shares on cum basis on 22 February 2017, Mr X should receive 100 shares on 27 February 2017. As a result of the share split, 250 EKOVEST shares will be credited into Mr X's CDS account on the night of 27 February 2017 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 250 on or after the Ex-Date ie from 23 February 2017 onwards."

Remarks 2):- Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in Ekovest's circular to shareholders dated 28 December 2016. Pursuant to section 74 of the Companies Act 2016, all shares issued before or upon commencement of the Companies Act 2016 shall have no par or nominal value. Pursuant to the Special Dividend, the existing exercise price of the Warrants 2014/2019 of RM1.35 each will be revised to RM1.20 each ("Adjustment"). The notice to holders of Warrants 2014/2019 setting out the details of the Adjustment will be despatched in due course. 

Remarks 3):- Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in Ekovest's circular to shareholders dated 28 December 2016. Pursuant to section 74 of the Companies Act 2016, all shares issued before or upon commencement of the Companies Act 2016 shall have no par or nominal value. Please note that the Subdivided Shares will not be entitled to the cash dividend of RM0.25 per ordinary share that was announced on 13 February 2017. The Subdivided Shares will be credited into the CDS accounts of the entitled shareholders on the evening of the entitlement date for purposes of determining the entitlement to the Share Split. Pursuant to the Share Split, up to 183,310,470 additional Warrants 2014/2019 will be issued and allotted to the holders of Warrants 2014/2019. The exact number of Additional Warrants to be issued and allotted will depend on the number of outstanding Warrants 2014/2019 as at the entitlement date of the Share Split. Any fractional number of additional Warrant 2014/2019 arising from the Share Split will be disregarded and will be dealt with in such manner as the Board of Directors of Ekovest in its absolute discretion deems fit or expedient and in the best interest of Ekovest. The existing exercise price of the Warrants 2014/2019 of RM1.35 each will be revised to RM1.20 each after the cash dividend and then subsequently to RM0.48 each after the Share Split. The Additional Warrants will be listed and quoted simultaneously with the Subdivided Shares on 28 February 2017, being the next market day immediately after the entitlement date of the Share Split. The notice to holders of Warrants 2014/2019 setting out the details of the Adjustments and the notice of allotment of the Additional Warrants will be despatched in due course. 

Announcement Info