SOP - Notice of Bonus Entitlement

Company Name SARAWAK OIL PALMS BERHAD
Stock Name SOP
Date Announced 04 Jul 2022
Category Listing Circular
Reference Number ILC-04072022-00008

Bonus issue of up to 303,136,773 new ordinary shares in Sarawak Oil Palms Berhad ("SOPB") ("SOPB Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 2 existing SOPB Shares held as at 5.00 p.m. on 18 July 2022 ("Entitlement Date")
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 15 Jul 2022
2)    The last date of lodgment : 18 Jul 2022
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 Selling Price against the Selling Client
        b)    Buying Broker to deduct <33.33%> of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/3> 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 18 July 2022 with bonus issue of SOP shares, any shareholder who is entitled to receive SOP bonus issue shares, may sell any or all of his SOP shares arising from the bonus issue beginning the Ex-Date (15 July 2022).
 
For example, if Mr X purchases 200 SOP shares on cum basis on 14 July 2022, Mr X should receive 200 shares on 18 July 2022. As a result of the bonus issue, an additional of 100 SOP shares will be credited into Mr X's CDS account on the night of 18 July 2022 being the Book Closing Date. Therefore, Mr X can sell a total of 300 shares on or after the Ex-Date ie from 15 July 2022 onwards."

 


Remarks 2 :
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 19 July 2022, being the next market day after the Entitlement Date.

 

The notices of allotment will be issued and dispatched to all entitled shareholders of SOPB not later than 4 market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

 


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