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 |