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DBHD - Notice of Book Closure

DAMANSARA HOLDINGS BERHAD

Selective capital reduction and repayment exercise of Damansara Holdings Berhad ("DBHD") pursuant to section 116 of the Companies Act, 2016 ("Act") ("SCR")
 

Further to Reference No.  ILC-18042023-00001, kindly be advised of the following :

 

1) The above Company's securities will be traded and quoted "Ex - Repayment” as from: 03 May 2023 (Instead of 02 May 2023)
2)  The last date of lodgment : 05 May 2023 (Instead of  03 May 2023)
3)  Date Payable : 12 May 2023  (Remain unchanged)

 

Remarks :
Under the SCR, all the shareholders of DBHD (other than JLand Group Sdn Bhd (formerly known as Absolute Ambient Sdn Bhd), Kulim (Malaysia) Berhad and Sindora Berhad) whose names appear in the Record of Depositors of DBHD as at the Entitlement Date (as set out above) ("Entitled Shareholders") shall be entitled to receive a cash consideration of RM0.80 for each existing ordinary share in DBHD ("DBHD Share") ("SCR Offer Price") held on the Entitlement Date.

 
The settlement of the SCR Offer Price will be effected via electronic remittance to the Entitled Shareholders' bank accounts registered with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") for purposes of receiving electronic cash dividend ("eDividend Accounts") within 10 days from the effective date for the SCR, i.e. the date of lodgement of the office copy of the sealed order granted by the High Court of Malaya in Kuala Lumpur dated 17 April 2023 confirming the reduction of the issued share capital of DBHD pursuant to Section 116 of the Act ("High Court Order"), with the Registrar of Companies pursuant to Section 116(6) of the Act ("Effective Date").

 
For the Entitled Shareholders who do not maintain eDividend Accounts, the settlement of the SCR Offer Price will be effected via remittance in the form of cheques, banker's drafts and/or cashier's orders which will be despatched by ordinary mail to the Entitled Shareholders (or their designated agents, as they may direct) at the Entitled Shareholders' registered addresses last maintained with Bursa Depository at their own risk within 10 days from the Effective Date.

 
The office copy of the High Court Order will be lodged with the Registrar of Companies pursuant to Section 116(6) of the Act on the Entitlement Date and consequently, the settlement of the SCR Offer Price will be effected on Friday, 12 May 2023.

 
The trading of DBHD Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Wednesday, 3 May 2023, being 1 market day prior to the Entitlement Date. Accordingly, the last date and time for trading of DBHD Shares on the Main Market of Bursa Securities prior to the suspension will be at 5.00 p.m. on Tuesday, 2 May 2023.

 
DBHD Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Wednesday, 3 May 2023. For the avoidance of doubt, the trading of DBHD Shares will continue to be suspended until the de-listing of DBHD from the Official List of Bursa Securities following the completion of the SCR.


The revisions above are made due to the declaration of the additional one-day public holiday for Hari Raya Aidilfitri announced on 18 April 2023. Accordingly, an errata to the notice to sharehoders which was despatched on 18 April 2023 will be issued in due course.

 

Any enquiries on this notice of book closure date should be addressed to the share registrar of DBHD.


Announcement Info

Company Name DAMANSARA HOLDINGS BERHAD
Stock Name DBHD
Date Announced 20 Apr 2023
Category Listing Circular
Reference Number ILC-20042023-00005

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