1) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN EKOVEST BERHAD (“EKOVEST”) INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN EKOVEST (“SUBDIVIDED SHARES”) (“SHARE SPLIT”).
2) RENOUNCEABLE RIGHTS ISSUE OF 244,413,960 NEW ORDINARY SHARES OF RM0.50 EACH (AFTER THE SHARE SPLIT) IN EKOVEST BERHAD (“EKOVEST”) (“EKOVEST SHARES”) (“RIGHTS SHARES”) TOGETHER WITH 122,206,980 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY FIVE (5) EXISTING EKOVEST SHARES HELD AT 5.00 P.M. ON 30 MAY 2014 (“RIGHTS ISSUE WITH WARRANTS”).
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - All" ] as from : [28 May 2014]
2) The last date of lodgement : [ 30 May 2014]
3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 2/7 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 10% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 2/7 ] of the Transacted Price is applicable.
Remarks 1:- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 2 June 2014 with share split EKOVEST shares of RM0.50 sen each, 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 (28 May 2014).
For example, if Mr X purchases 100 EKOVEST shares on cum basis on 27 May 2014, Mr X should receive 100 shares on 30 May 2014. As a result of the share split, a total of 200 EKOVEST shares will be credited into Mr X's CDS account on the night of 30 May 20143 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 200 on or after the Ex-Date ie from 28 May 2014 onwards."
Remarks 2:- The listing and quotation of the Subdivided Shares on the Main Market of Bursa Malaysia Securities Berhad shall take place on 2 June 2014, being the next market day immediately after the entitlement date of the Share Split.
The share registrar of Ekovest will issue and despatch the notices of allotment to all the entitled shareholders by 6 June 2014, being four (4) market days after the listing and quotation of the Subdivided Shares.
Please note that the Subdivided Shares will be entitled to the Rights Issue With Warrants (as applicable). The Subdivided Shares will be credited to the CDS accounts of the Entitled Shareholders on the evening of the Entitlement Date for purposes of determining the entitlement to the Rights Issue With Warrants.
