Consolidation

[AYS] Others on 02-Mar-2011

Announcement Date: 18-Feb-2011
Related Stock:
AYS
AYS VENTURES BHD
Share Registrar:
AYS
AYS VENTURES BHD
Amount

10 : 3

  • Ex Date
    02-Mar-2011
  • Entitlement Date
    04-Mar-2011
Description
Capital repayment by way of cash distribution on the basis of RM0.297 for each ordinary share of RM0.25 each in NV Multi Corporation Berhad (“NV Multi”) (“NV Multi Shares”) through the implementation of the following: (I) Bonus issue of 76,740,200 new NV Multi Shares (“Bonus Shares”), to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing NV Multi Shares held at 5.00 p.m. on 4 March 2011 (“Entitlement Date”) (“Bonus Issue”); (II) Consolidation of every four (4) NV Multi Shares (including the Bonus Shares) into one (1) ordinary share of RM1.00 each in NV Multi (“Consolidated Share”) ("Consolidation"); and (III) Reduction of the share capital of NV Multi (after the Bonus Issue and Consolidation) pursuant to Section 64 of the Companies Act, 1965 involving the cancellation of RM0.99 of the par value of RM1.00 for each Consolidated Share (collectively referred to as the “Capital Repayment”)

About AYS VENTURES BHD
AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel related products. The company is organized into three segments namely trading, manufacturing and others. The trading division trades and markets a diverse range of steel products and construction materials whilst the manufacturing division manufactures and trades pressed steel and fiberglass reinforced polyester sectional water tanks, steel purlin, and wire products. Other segment includes investment holding, warehousing and storage services and dormant. The products serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant and shipbuilding sectors. The group principally operates within 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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