Consolidation

[PUNCAK] Others on 21-Feb-2007

Announcement Date: 07-Feb-2007
Related Stock:
PUNCAK
PUNCAK NIAGA HOLDINGS BHD
Share Registrar:
PUNCAK
PUNCAK NIAGA HOLDINGS BHD
Amount

RM 0.65

  • Ex Date
    21-Feb-2007
  • Entitlement Date
    23-Feb-2007
Description
Entitlement date to determine Puncak Niaga Holdings Berhad's ("PNHB") shareholders whose shareholdings will be subject to the:- (i) Bonus issue of 587,346,993 new ordinary shares of RM1.00 each ("Share(s)") ("Bonus Share(s)") in PNHB, on the basis of one (1) Bonus Share for every one (1) existing PNHB Share held by the entitled shareholders ("Bonus Issue"); (ii) Capital repayment to the entitled shareholders of PNHB via a cash distribution on the basis of RM0.65 cash for every one (1) existing Share held in PNHB (after the Bonus Issue) via a reduction of the share capital of PNHB pursuant to Section 64 of the Companies Act, 1965 which will result in the reduction of the par value of PNHB Shares from RM1.00 to RM0.35 ("Capital Distribution"); and (The Bonus Issue and Capital Distribution are collectively known as the "Capital Repayment") (iii) Consolidation of the entire issued and paid-up share capital of PNHB of RM411,142,895 comprising 1,174,693,986 ordinary shares of RM0.35 each (after the Capital Repayment) into 411,142,895 ordinary shares with par value of RM1.00 each ("Consolidated Shares") ("Consolidation of Shares") (Collectively the "Corporate Exercise")

About PUNCAK NIAGA HOLDINGS BHD
Puncak Niaga Holdings Bhd is a regional integrated water, wastewater, and environmental solutions provider, with involvement in the oil and gas sector. It is an investment holding company primarily engaged in the construction, water, wastewater, sewerage and environmental engineering sectors, through its subsidiaries. The operating segments of the company are Water and Wastewater, Oil and Gas, and Construction. It generates the majority of the revenue from the Construction segment which includes construction activities. Water and Wastewater segment includes operation and maintenance of a water treatment plants. The group operates in Malaysia, and internationally of which key revenue is derived from 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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