Bonus Issue

[AEONCR] Bonus Issue on 17-Nov-2023

Announcement Date: 03-Nov-2023
Related Stock:
AEONCR
AEON CREDIT SERVICE (M) BHD
Share Registrar:
AEONCR
AEON CREDIT SERVICE (M) BHD
FY: 29-Feb-2024
Amount

1.0000 : 1.0000

  • Ex Date
    17-Nov-2023
  • Entitlement Date
    20-Nov-2023
Description
Bonus Issue of shares of 255,307,690 new ordinary shares in AEON Credit Service (M) Berhad ("AEON Credit Shares" or "Shares") ("Bonus Shares") on the basis of entitlement of 1 Bonus Share for every 1 AEON Credit Share held as at 5.00 p.m. on 20 November 2023 ("Entitlement Date") ("Bonus Issue")

About AEON CREDIT SERVICE (M) BHD
Aeon Credit Service M Bhd primarily offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.

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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