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PDZ - Notice of Book Closure

PDZ HOLDINGS BHD

CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 9 Aug 2021
2)  The last date of lodgment : 11 Aug 2021

 

 

Remarks 1:

 

Participating Organisations are to take note of the following Share Consolidation exercise by PDZ HOLDINGS BHD

 

The Share Consolidation comprises the following:-

 

 CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

 

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

 

(a) on or after the Ex-date on 9 August 2021, trading of PDZ shares will be based on the newly adjusted share after the Share Consolidation of PDZ shares,

 

(b) on the basis of settlement taking place after 11 August 2021 with consolidated PDZ shares, any entitled shareholder who owns PDZ shares as at Ex-date may sell only up to the maximum PDZ shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 9 August 2021.

 

With the adjustments pursuant to the Share Consolidation effected on PDZ shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled PDZ shareholder may use the following basis to estimate the maximum number of PDZ shares that he may sell from the Ex-date until the Book Closing Date which is from 9 August 2021 until 11 August 2021.

 

Number of PDZ shares that may be                               =             Number of shares held / 10

sold from 9 August 2021 until 11 August 2021                        (All fractional shares computed disregarded)

 

 

Illustration:

 

For example, if Mr X owns or purchases 1000 PDZ shares on cum basis on 6 August 2021, his CDS account would still show 1000 PDZ shares until 11 August 2021. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 PDZ shares in his CDS account will be adjusted to 100 PDZ shares on the night of 11 August 2021 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 PDZ shares on or after the Ex-date i.e. from 9 August 2021 onwards.

 

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 9 August 2021 until 11 August 2021, they are only entitled to sell the maximum of 1/10 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 involves the consolidation of every 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 11 August 2021, being the entitlement date for the Share Consolidation.

 

The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

 

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 12 August 2021, being the next market day following the entitlement date for the Share Consolidation.

 

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.

 

The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.

 

 

 


Announcement Info

Company Name PDZ HOLDINGS BHD
Stock Name PDZ
Date Announced 28 Jul 2021
Category Listing Circular
Reference Number ILC-28072021-00003


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