YNHPROP - Notice Of Bonus Entitlement

BackAug 23, 2016

Bonus issue of up to 88,289,225 new ordinary shares of RM1.00 each in YNH Property Bhd ("YNH" or the "Company") ("YNH Shares") ("Bonus Shares") on the basis of one (1) Bonus Share for every five (5) existing YNH Shares held by the shareholders of YNH whose names appear in the Company's Record of Depositors as at 5.00 p.m. on 5 September 2016 ("Entitlement Date") ("Entitled Shareholders") ("Bonus Issue").

Kindly be advised of the following:-

1)  The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 1 September 2016
2)  The last date of lodgment : 5 September 2016
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 on 6 September 2016 with Bonus issue of YNHPROP shares of RM1.00 each, any shareholder who is entitled to receive 
YNHPROP Bonus issue shares, may sell any or all of his YNHPROP shares arising from the Bonus issue beginning the Ex-Date (1 September 2016). 

For example, if Mr X purchases 500 YNHPROP shares on cum basis on 30 August 2016, Mr X should receive 500 shares on 5 September 2016. As a result of the Bonus issue, a total of 600 YNHPROP shares will be credited into Mr X's CDS account on the night of 5 September 2016 being the Book Closing Date. Therefore, Mr X can sell the Bonus issue shares of 600 on or after the Ex-Date ie from 1 September 2016 onwards.

Remarks 2:- The Bonus Issue entails the issuance of up to 88,289,225 Bonus Shares to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing YNH Shares held by the Entitled Shareholders. The actual number of Bonus Shares to be issued will depend on the issued and paid-up share capital of YNH (excluding treasury shares) on the Entitlement Date. The listing and quotation for the Bonus Shares shall take place on 6 September 2016, being one (1) market day immediately after the Entitlement Date. Notices of allotment for the Bonus Shares will be issued and despatched to the Entitled Shareholders by the Share Registrar of YNH not later than four (4) market days after the date of listing and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad.

 

Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 23 Aug 2016
Category Listing Circular
Reference Number ILC-23082016-00004