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SPEEDS

SPEEDS is an initiative introduced by Bursa Malaysia Depository to enhance the efficiency of some corporate exercises.

SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 13/3/2018 )

Counter Type (Ratio) Announcement of
Books Closing Date (BCD)
Ex-Date BCD Listing
Protasco Berhad Bonus Issue
(1:6)
10/04/2018 20/04/2018 24/04/2018 25/04/2018
Boustead Plantations Berhad Bonus Issue
(2:5)
16/04/2018 26/04/2018 30/04/2018 02/05/2018
PMB Technology Berhad Subdivision of shares
(2:1)
18/04/2018 30/04/2018 03/05/2018 04/05/2018
Pasdec Holdings Berhad Rights Issue
(2:5)
13/04/2018 11/05/2018 15/05/2018 16/05/2018
(Trading of Rights)

* Investors are advised to check the announcements made by the Issuer in relation to the above SPEEDS corporate exercise.


What is SPEEDS?

SPEEDS is an initiative introduced by by Bursa Malaysia Depository Sdn Bhd to enhance the efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter timeline for selected corporate exercises namely:

  1. Sub-division/Shares SplitShares Consolidation
  2. Bonus Issues
  3. Capital Restructuring
  4. Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)

The above corporate exercise must be on a stand-alone basis or inter-conditional between the above corporate exercises.

Under SPEEDS, the listed issuer, shareholders and investors will enjoy the following benefits:

  1. Provides greater efficiency with the capability to shorten the corporate exercise timelines and to have the listing date based on Book Closing Date (BCD) + 1.
  2. Provides greater efficiency with the capability to shorten the rights issue timelines and to enable the trading of Rights based on Book Closing Date (BCD) + 1.
  3. Provides certainty to the market whereby shareholders or investors know for certain the listing of the securities on the Stock Exchange
  4. Reduces risks associated with the suspension of shares that are undergoing corporate exercises.
  5. Encompasses best market practices that bring us on par with other jurisdictions.

SPEEDS Activity Timeline
52.8 KB (PDF)

Rights Issue Timeline under SPEEDS
33.5 KB (PDF)