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Notice Of Bonus Entitlement

BackOct 19, 2012

LISTING'S CIRCULAR NO. L/Q : 66273 OF 2012


    Bonus issue of 60,000,000 new ordinary shares of RM0.50 each in ECS ICT Berhad (“ECSB Shares”) (“Bonus Shares”) to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing ECSB Shares held at 5.00 p.m. on 30 October 2012.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
    as from : [ 25 October 2012 ]

    2) The last date of lodgement : [ 30 October 2012 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 33.33% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.

    Remarks :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 31 October 2012 with bonus issue of ECS shares of RM0.50 each, any shareholder who is entitled to receive ECS bonus issue shares, may sell any or all of his ECS shares arising from the bonus issue beginning the Ex-Date (25 October 2012).

    For example, if Mr X purchases 200 ECS shares on cum basis on 24 October 2012, Mr X should receive 200 shares on 30 October 2012. As a result of the bonus issue, a total of 300 ECS shares will be credited into Mr X's CDS account on the night of 30 October 2012 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 25 October 2012 onwards."

 


Announcement Info

Company Name ECS ICT BERHAD  
Stock Name ECS    
Date Announced 19 Oct 2012  
Category Listing Circular
Reference No RN-121019-26405