Consolidation

[MERIDIAN] Share Consolidation on 20-Feb-2023

Announcement Date: 07-Feb-2023
Related Stock:
MERIDIAN
MERIDIAN BERHAD
Share Registrar:
MERIDIAN
MERIDIAN BERHAD
FY: 30-Jun-2023
Amount

1.0000 : 4.0000

  • Ex Date
    20-Feb-2023
  • Entitlement Date
    21-Feb-2023
Description
MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY") CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 21 FEBRUARY 2023 ("SHARE CONSOLIDATION ENTITLEMENT DATE") INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

About MERIDIAN BERHAD
Meridian Berhad, formerly Meda Inc Bhd, is a real estate services company. The company's operations comprise the following business segments - Property Development segment, which engages in the development of residential and commercial properties and agricultural lots; Construction division secures and carry out construction contracts; Hotel Operations segment; Property Investment segment is involved in the rental collection activities from investment properties; and Others business is involved in cultivation of oil palm, project management services, and operation of car park in commercial properties. The company operates principally in Malaysia.

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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