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Friday, 27 April 2012

TIME DOTCOM BERHAD正式公布资本回退和资本重组

20号高庭批准后,27号终于公布资本回退和资本重组了。
接下来就看它如何发展了。
等着它的年报。。。



Entitlements (Notice of Book Closure)
Reference No MM-120425-40899

Submitting Merchant Bank
:
CIMB INVESTMENT BANK BERHAD
Company Name
:
TIME DOTCOM BERHAD
Stock Name
:
TIMECOM  
Date Announced
:
27/04/2012

EX-date
:
11/05/2012
Entitlement date
:
15/05/2012
Entitlement time
:
05:00:00 PM
Entitlement subject
:
Others
Entitlement description
:
Date of Entitlement and Notice of Book Closure of TIME dotCom Berhad ("TdC") to determine the shareholders of TdC who will be entitled / subject to the following;

(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 Reduction”);

(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
:
to
Financial Year End
:
31/12/2012
Share transfer book & register of members will be
:
15/05/2012 to 15/05/2012 closed 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
Payment date       
:
30/05/2012

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
15/05/2012

b.

Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
:


c.

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)
:

Entitlement indicator
:
Currency
Currency
:
Malaysian Ringgit (MYR)
Entitlement in Currency
:
0.02

Remarks :
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.

This announcement is dated 27 April 2012.





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