SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 28/07/2021)            

 

Counter

Type (Ratio)

Announcement of Books Closing Date (BCD)

Ex- Date

BCD

Listing

Gopeng Berhad

Bonus Issue (1:2)

15/07/2021

29/07/2021

30/07/2021

02/08/2021

Classic Scenic Berhad

Bonus Issue (1:1)

15/07/2021

30/07/2021

02/08/2021

03/08/2021

VSTECS Berhad

Bonus Issue (1:1)

19/07/2021

02/08/2021

03/08/2021

04/08/2021

TIME Dotcom Berhad

Bonus Issue (2:1)

22/07/2021

04/08/2021

05/08/2021

06/08/2021

Grand Hoover Berhad

Rights Issue (5:4)

22/07/2021

04/08/2021

05/08/2021

06/08/2021 (Trading of Rights)

GIIB Holdings Berhad

Rights Issue (1:1)

22/07/2021

04/08/2021

05/08/2021

06/08/2021 (Trading of Rights)

Computer Forms (Malaysia) Berhad

Bonus Issue (4:1)

23/07/2021

05/08/2021

06/08/2021

09/08/2021

DPI Holdings Berhad

Bonus Issue (1:2)

23/07/2021

06/08/2021

09/08/2021

11/08/2021

Jade Marvel Group Berhad

Subdivision (2:1)

26/07/2021

06/08/2021

09/08/2021

11/08/2021

YB Ventures Berhad

Rights Issue (5:1)

21/07/2021

09/08/2021

11/08/2021

12/08/2021 (Trading of Rights)

PDZ Holdings Berhad

Share Consolidation (1:10)

27/07/2021

09/08/2021

11/08/2021

12/08/2021

PDZ Holdings Berhad – WB

Warrants Adjustment (1:10)

27/07/2021

09/08/2021

11/08/2021

12/08/2021

Prestar Resources Berhad

Bonus Issue (3:5)

27/07/2021

11/08/2021

12/08/2021

13/08/2021

In relation to the Share Consolidation by PDZ Holdings Berhad (“PDZ”) as a SPEEDS Corporate Exercise, Bursa Malaysia Depository Sdn Bhd will commence the crediting of the consolidated PDZ shares and warrants B on the evening of the BCD which is 11/08/2021. PDZ shareholders may use the following basis to estimate the maximum number of PDZ shares that they may sell from Ex-date until BCD periods where the PDZ shares are traded under the newly adjusted units.

The following are also applicable to the warrant holders:  

Counter

Ex-date until BCD

Basis to estimate maximum number of shares that shareholders may sell during the period from Ex date until BCD

Trading of shares after BCD

PDZ Holdings Berhad

09/08/2021-11/08/2021

Number of shares held / 10 (all fractional shares computed should be disregarded).

Based on the number of shareholdings in their account(s) from 11/08/2021 onwards.

Counter

Ex-date until BCD

Basis to estimate maximum number of warrants that shareholders may sell during the period from Ex date until BCD

Trading of warrants after BCD

PDZ Holdings Berhad -WB

09/08/2021-11/08/2021

Number of warrants held / 10 (all fractional warrants computed should be disregarded).

Based on the number of shareholdings in their account(s) from 11/08/2021 onwards.

* 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 Split
  2. Shares Consolidation
  3. Bonus Issues
  4. Capital Restructuring
  5. Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)
  6. Adjustment Warrants

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

Rights Issue Timeline under SPEEDS