Shares Distribution from subsidiary company

[DAYANG] Dividend in specie on 14-Nov-2017

Announcement Date: 01-Nov-2017
Related Stock:
DAYANG
DAYANG ENTERPRISE HOLDINGS BHD
Share Registrar:
DAYANG
DAYANG ENTERPRISE HOLDINGS BHD
Amount

0.302 : 1

  • Ex Date
    14-Nov-2017
  • Entitlement Date
    16-Nov-2017
Description
Distribution of up to 292,229,202 ordinary shares in Perdana Petroleum Berhad (Perdana) (Perdana Shares), representing approximately 37.5% equity interest in Perdana held by Dayang Enterprise Holdings Bhd (Dayang) on the basis of approximately 0.302 Perdana Share for each ordinary share held in Dayang (Dayang Share) to the entitled shareholders of Dayang by way of dividend-in-specie (Dividend-In-Specie)

About DAYANG ENTERPRISE HOLDINGS BHD
Dayang Enterprise Holdings Bhd is an investment holding company. The company provides offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services for oil and gas companies. It also offers chartering of marine vessels, and equipment hire operation. Its operating segments include Topside maintenance services, Marine charter and catering income, Equipment hire and Investment holding. Dayang generates most of its revenues from Topside maintenance services.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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Christopher Toh

Payment date?

2017-11-20 22:38

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