of Entitlement and Notice of Book Closure of TIME dotCom Berhad ("TdC")
to determine the shareholders of TdC who will be entitled / subject to
(I) Capital repayment of RM50,615,500 representing RM0.02 per
existing TdC Share to the entitled shareholders of TdC pursuant to
Sections 60 and 64 of the Companies Act, 1965 (“Capital Repayment”); and
(II) Capital Restructuring comprising:
(A) capital reduction of the existing issued and paid-up share
capital of TdC via the cancellation of RM0.90 of the par value of each
TdC Share pursuant to Section 64 of the Companies Act, 1965 (“Capital
(B) set-off of TdC’s share premium account against the accumulated losses of TdC; and
(C) share consolidation of 2,530,775,000 TdC Shares with a par
value of RM0.10 each (after the Capital Reduction) into 506,155,000 TdC
Shares with a par value of RM0.50 each in TdC, on the basis of five (5)
TdC Shares of par value of RM0.10 each into one (1) TdC Share of RM0.50
each (“Share Consolidation”)
(Collectively (A), (B) and (C) are referred to as the “Capital Restructuring”)
Period of interest payment
Financial Year End
Share transfer book & register of members will be
15/05/2012to15/05/2012closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
Mega Corporate Services Sdn Bhd
Level 15-2, Sheraton Imperial Court
Jalan Sultan Ismail
502500 Kuala Lumpur
Tel : 603-2692 4271
Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
Securities deposited into the Depositor's Securities Account before
12:30 pm in respect of securities exempted from mandatory deposit
Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Malaysian Ringgit (MYR)
Entitlement in Currency
On 20 April
2012, TdC had obtained an order from the High Court of Malaya, Kuala
Lumpur confirming the Capital Repayment and Capital Restructuring
pursuant to Sections 60 and 64 of the Companies Act, 1965.
The existing issued and paid-up share capital of TdC is RM2,530,775,000 comprising 2,530,775,000 ordinary shares of RM1.00 each.
Upon the completion of the Capital Repayment and Capital Restructuring,
the issued and paid-up share capital of TdC shall be RM253,077,500
comprising 506,155,000 ordinary shares of RM0.50 each.
With the introduction of SPEEDS by Bursa Malaysia Securities Berhad
(“Bursa Securities”), there will not be any suspension in the trading of
TdC Shares for the purposes of implementation of the Capital Repayment
and Capital Restructuring.
The shares in relation to the Share Consolidation will be listed and
quoted on the Main Market of Bursa Securities on 16 May 2012, being the
next market day following the entitlement date of 15 May 2012.