5924

0.000

(%)

Capital Repayment

MTD ACPI ENGINEERING BERHAD

Entitlement subject Capital Repayment
Entitlement description
Selective Capital Reduction and Repayment Exercise of MTD ACPI Engineering Berhad ("MTD ACPI") pursuant to Section 116 of the Companies Act 2016 ("SCR")
Ex-Date 30 Apr 2021
Entitlement date 03 May 2021
Entitlement time 5:00 PM
Financial Year End 31 Mar 2022
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 10 May 2021
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 03 May 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Currency
Announced currency Malaysian Ringgit (MYR)
Disbursed currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 0.2800

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no MEGA CORPORATE SERVICES SDN BHD
Level 15-2, Bangunan Faber Imperial Court
Jalan Sultan Ismail

50250 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0326924271
Fax:0327325388


Remarks :
Under the SCR, all the shareholders of MTD ACPI whose names appear on the Record of Depositors of MTD ACPI as at the Entitlement Date (as set out above) (other than MTD Capital Bhd., MTD Equity Sdn Bhd, Alloy Capital Sdn Bhd and Metacorp Berhad) (Entitled Shareholders) shall be entitled to receive a cash amount of RM0.28 for each existing ordinary share held in MTD ACPI ("MTD ACPI Share") on the Entitlement Date ("SCR Offer Price"). 

The settlement of the SCR Offer Price will be effected via electronic remittance to the Entitled Shareholders' bank accounts duly registered with Bursa Malaysia Depository Sdn Bhd for purposes of receiving electronic cash dividend ("eDividend Accounts") within 10 days from the date on which an office copy of the sealed order granted by the High Court of Malaya dated 29 March 2021 confirming the reduction of the issued share capital of MTD ACPI pursuant to Section 116 of the Companies Act, 2016 (Order) (Act) is lodged 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 Malaysia Depository Sdn Bhd at their own risk within 10 days from the Effective Date. 

The trading of MTD ACPI Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9:00 a.m. on Friday, 30 April 2021, being 1 market day prior to the Entitlement Date. Accordingly, the last date and time for trading of MTD ACPI Shares on the Main Market of Bursa Securities prior to the suspension will be at 5:00 p.m. on Wednesday, 28 April 2021.

MTD ACPI Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Friday, 30 April 2021. For avoidance of doubt, the trading of MTD ACPI Shares will continue to be suspended until the delisting of MTD ACPI from the Official List of Bursa Securities following the completion of the SCR.

The notice to shareholders in relation to the suspension of trading of MTD ACPI Shares on the Main Market of Bursa Securities and the Entitlement Date for the SCR will be despatched to the shareholders of MTD ACPI on Monday, 19 April 2021.

Any enquiries concerning this notice of book closure date should be addressed to the share registrar of MTD ACPI at the abovementioned contact details.

This announcement is dated 16 April 2021.


Announcement Info

Company Name MTD ACPI ENGINEERING BERHAD
Stock Name MTDACPI
Date Announced 16 Apr 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-16042021-00011
Corporate Action ID MY210416CAPD0002