Consolidation

[NYLEX] Others on 07-Jun-2004

Announcement Date: 07-Jun-2004
Related Stock:
NYLEX
NYLEX (M) BHD
Share Registrar:
NYLEX
NYLEX (M) BHD

Amount

2 : 1

  • Ex Date
    21-Jun-2004
  • Entitlement Date
    23-Jun-2004


Description
CAPITAL DISTRIBUTION BY NYLEX TO ITS SHAREHOLDERS TO BE EFFECTED THROUGH THE FOLLOWING: (A) CAPITAL REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF NYLEX FROM RM224,487,720 COMPRISING 224,487,720 ORDINARY SHARES OF RM1.00 EACH TO RM112,243,860 COMPRISING 224,487,720 ORDINARY SHARES OF RM0.50 EACH VIA THE CANCELLATION OF RM0.50 FROM EACH EXISTING ORDINARY SHARE OF RM1.00 PAR VALUE IN NYLEX PURSUANT TO AN ORDER OF THE HIGH COURT OF MALAYA UNDER SECTION 64 OF THE COMPANIES ACT, 1965 RESULTING IN A CAPITAL RESERVE OF RM112,243,860 TO BE UTILISED FOR THE CAPITAL DISTRIBUTION ("CAPITAL REDUCTION") (B) CONSOLIDATION OF 224,487,720 ORDINARY SHARES OF RM0.50 EACH IN NYLEX AFTER THE CAPITAL REDUCTION INTO 112,243,860 ORDINARY SHARES OF RM1.00 EACH ON THE BASIS OF TWO (2) ORDINARY SHARES OF RM0.50 EACH INTO ONE (1) ORDINARY SHARE OF RM1.00 EACH IN NYLEX HELD AT THE BOOKS CLOSURE DATE ("SHARE CONSOLIDATION") (C) CAPITAL DISTRIBUTION OF NYLEX’S ENTIRE INVESTMENT IN TAMCO CORPORATE HOLDINGS BERHAD ("TAMCO") OF RM112,243,860 COMPRISING 224,487,720 ORDINARY SHARES OF RM0.50 EACH ON THE BASIS OF TWO (2) TAMCO SHARES FOR EACH CONSOLIDATED NYLEX SHARE HELD ("CAPITAL DISTRIBUTION")

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 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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