Bursa Announcements

Notice Of Book Closure

CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN BONIA CORPORATION BERHAD ("BONIA") ("BONIA SHARE(S)") HELD AS AT 5.00 P.M. ON 20 DECEMBER 2019 ("ENTITLEMENT DATE") INTO 1 BONIA SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 19 Dec 2019
2)  The last date of lodgment : 20 Dec 2019

Remarks1: Participating Organisations are to take note of the following Share Consolidation exercise by BONIA CORPORATION BERHAD.

The Share Consolidation comprises the following: -

SHARE CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN BONIA CORPORATION BERHAD ("BONIA") ("BONIA SHARE(S)") HELD AS AT 5.00 P.M. ON 20 DECEMBER 2019 ("ENTITLEMENT DATE") INTO 1 BONIA SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION").

In relation to the Share Consolidation undertaken by BONIA as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 19 December 2019, trading of BONIA shares will be based on the newly adjusted share after the Share Consolidation of BONIA shares,

(b) on the basis of settlement taking place after 20 December 2019 with consolidated BONIA shares, any entitled shareholder who owns BONIA shares as at Ex-date may sell only up to the maximum BONIA shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 19 December 2019.

With the adjustments pursuant to the Share Consolidation effected on BONIA shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled BONIA shareholder may use the following basis to estimate the maximum number of BONIA shares that he may sell from the Ex-date until the Book Closing Date which is from 19 December 2019 until 20 December 2019.

Number of BONIA shares that may be          =                     Number of shares held x 0.25

sold on 19 December 2019 until 20 December 2019                   (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 BONIA shares on cum basis on 18 December 2019, his CDS account would still show 1000 BONIA shares until 20 December 2019. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 BONIA shares in his CDS account will be adjusted to 250 BONIA shares on the night of 20 December 2019 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 250 BONIA shares on or after the Ex-date i.e. from 19 December 2019 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 19 December 2019 until 20 December 2019, they are only entitled to sell the maximum of 25% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2: The Share Consolidation entails the consolidation of 4 Bonia Shares held on the Entitlement Date into 1 Consolidated Share. The actual number of Consolidated Shares and consolidated treasury shares after the Share Consolidation would depend on the total number of issued Bonia Shares and total number of treasury shares held by Bonia on the Entitlement Date. Fractional entitlements for the Bonia Shares arising from the Share Consolidation, if any, shall be disregarded and 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 date of listing of and quotation for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad will be on 23 December 2019 ("Listing Date"), being the next market day following the Entitlement Date. A notice of allotment will be issued and despatched to the entitled shareholders for the Share Consolidation at the addresses set out in the Record of Depositors of the Company within 4 market days after the Listing Date. 

Announcement Info