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FARLIM - Notice of Bonus Entitlement

FARLIM GROUP (MALAYSIA) BHD

BONUS ISSUE OF 28,065,220 NEW ORDINARY SHARES IN FARLIM GROUP (MALAYSIA) BHD ("FARLIM") ("FARLIM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 5 EXISTING FARLIM SHARES HELD AS AT 5:00 PM ON 9 JULY 2018 ("ENTITLEMENT DATE") ("BONUS ISSUE").

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 5 Jul 2018
2)    The last date of lodgment : 9 Jul 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/6 >, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <16.66%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/6 >, 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 9 July 2018  with bonus issue of FARLIM shares, any shareholder who is entitled to receive FARLIM bonus issue shares, may sell any or all of his FARLIM shares arising from the bonus issue beginning the Ex-Date (5 July 2018).

For example, if Mr X purchases 500 FARLIM shares on cum basis on 4 July 2018, Mr X should receive 500 shares on 9 July 2018. As a result of the bonus issue, a total of 600  FARLIM shares will be credited into Mr X's CDS account on the night of 9 July 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 600 on or after the Ex-Date ie from 5 July 2018 onwards.".

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 10 July 2018, being the next market day after the Entitlement Date. Farlim's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of Farlim on the Entitlement Date within 4 market days after the date of the Bonus Shares are listed and quoted on the Main Market of Bursa Securities. This announcement is dated 22 June 2018.


Announcement Info

Company Name FARLIM GROUP (MALAYSIA) BHD
Stock Name FARLIM
Date Announced 26 Jun 2018
Category Listing Circular
Reference Number ILC-25062018-00001

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