Sub-Division of Shares, Shares Consolidation and Bonus Issue Exercise in the CDS
(SPEEDS)
SPEEDS is implemented on 30 March 2007, therefore any announcement of book closing date for
SPEEDS corporate exercise made by the listed companies on or after 30 March 2007, will follow the
SPEEDS timelines.
Listed below are the Issuers that have announced their books closing date for SPEEDS corporate
exercise (as at 24/07/2008)
| Counter |
Type (Ratio)
|
Announcement
of Books Closing
Date (BCD) |
Ex-Date |
BCD |
Listing |
| KNM Group Berhad |
Bonus
Issue
(2:1) |
11/07/08 |
23/07/08 |
25/07/08 |
28/07/08 |
LCL Corporation
Berhad |
Subdivision of Shares (2:1) |
14/07/08 |
24/07/08 |
28/07/08 |
29/07/08 |
| Notion Vtec Berhad |
Bonus Issue
(1:5) |
24/07/08 |
05/08/08 |
07/08/08 |
08/08/08 |
Advance Information
Marketing Berhad |
Bonus Issue
(1:5) |
24/07/08 |
06/08/08 |
08/08/08 |
11/08/08 |
Dufu Technology Corp.
Berhad |
Bonus Issue
(1:3) |
24/07/08 |
06/08/08 |
08/08/08 |
11/08/08 |
| TRC Synergy Berhad |
Bonus Issue
(1:5) |
23/07/08 |
06/08/08 |
08/08/08 |
11/08/08 |
TRC Synergy Berhad
- Warrants (TRC-WA) |
Bonus
Issue (1:5)
(Adjustment of Warrants) |
23/07/08 |
06/08/08 |
08/08/08 |
11/08/08 |
Shareholders of KNM Group Berhad Call Warrants (“KNM-CA”) issued by OSK Investment Bank Berhad (“
OSK”) should take note of the announcements made by OSK on 15/07/2008 on the adjustments to the
Exercise Price and Entitlements ratio of the Call Warrants to take place on 23/07/2008. There will
not be any additional Call Warrants to be issued pursuant to the bonus issue exercise of KNM Group
Berhad.
* Investors are advised to check the announcement made by the Issuer
in relations to the SPEEDS corporate exercises.
What is SPEEDS?
SPEEDS is the latest initiative introduced by Bursa Malaysia Securities Berhad to enhance the
efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter
timeline for selected corporate exercises namely:
- Sub-division/Shares Split
- Shares Consolidation
- Bonus Issues
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:
- 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.
- Provides certainty to the market whereby shareholders or investors know for certain the listing
of the securities on the Stock Exchange.
- Reduces risks associated with the suspension of shares that are undergoing corporate
exercises.
- Encompasses best market practices that bring us on par with other jurisdictions.
If you require further information on SPEEDS, kindly refer to Bursa Malaysia Berhad's
Press Release dated 9 March 2007
.
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