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RESINTC - Notice of Bonus Entitlement

RESINTECH BERHAD

Bonus issue of up to 50,308,463 new ordinary shares in Resintech Berhad ("Resintech" or the "Company") ("Resintech Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Shares for every 3 existing Resintech Share
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Bonus Issue” as from: 19 Aug 2022
2)    The last date of lodgment : 22 Aug 2022
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/4>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <25%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/4>, 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 22 Aug 2022 with bonus issue of RESINTC shares, any shareholder who is entitled to receive RESINTC bonus issue shares, may sell any or all of his RESINTC shares arising from the bonus issue beginning the Ex-Date (19 Aug 2022).
 
For example, if Mr X purchases 300 RESINTC shares on cum basis on 18 Aug 2022, Mr X should receive 300 shares on 22 Aug 2022. As a result of the bonus issue, an additional of 100 RESINTC shares will be credited into Mr X's CDS account on the night of 22 Aug 2022 being the Book Closing Date. Therefore, Mr X can sell a total of 400 shares on or after the Ex-Date ie from  19 Aug 2022 onwards."

 

Remarks 2:

The date of the listing and quotation for the Bonus Shares shall be on 23 August 2022, being the next market day immediately after the Entitlement Date.

 

The share registrar of the Company is expected to issue and dispatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of Resintech on the Entitlement date within 4 market days after the date of the listing and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. Entitled shareholders are not required to take any action.


Announcement Info

Company Name RESINTECH BERHAD
Stock Name RESINTC
Date Announced 09 Aug 2022
Category Listing Circular
Reference Number ILC-09082022-00003


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