We refer to the announcements dated 29 May 2013, 11 June 2013, 21 June 2013, 27 June 2013 and 28 June 2013 in relation to the above matter.
On behalf of Magnum, we wish to announce that the High Court of Malaya at Kuala Lumpur had today granted an order confirming the Capital Repayment. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia at a later date for the Capital Repayment to take effect.
Accordingly, the entitlement date for the Capital Repayment will be announced in due course.
The Capital Repayment will be implemented by way of a reduction of the share premium of Magnum under Sections 60 and 64 of the Companies Act, 1965, whereby the amount of RM696,500,000.00 will be distributed to all entitled shareholders of Magnum in proportion to their shareholdings in Magnum.
Shareholders of Magnum, whose names appear on the Record of Depositors of Magnum as at 5.00 p.m. on Tuesday, 6 August 2013 (“Entitlement Date”) shall be entitled to receive a Capital Repayment of approximately RM0.4879 for each ordinary share of RM1.00 each in Magnum held as at the Entitlement Date. The payment for the Capital Repayment is expected to be made by 20 August 2013.
The trading of Magnum shares on the Main Market of Bursa Malaysia Securities Berhad will not be suspended for the purposes of the Capital Repayment. The shareholders of Magnum are not required to take any action for the purposes of the Capital Repayment.
Upon completion of the Capital Repayment, the share premium account of Magnum will be reduced by an amount of RM696,500,000.00.
All enquiries relating to this notice of Book Closure Date should be addressed to the Share Registrar at the above-mentioned contact details.
actually effect to share price same as dividend. Let say they pay dividend 48% not capital repayment,still same effect to share. If we compare to other gaming share, this is not expensive. Maybe earn first (capital repayment) + dividend) and sold after price moving up.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kinghu
49 posts
Posted by kinghu > 2013-07-17 14:14 | Report Abuse
Thank armadasaxon for the infor.