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SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 19/05/2022)            

Counter

Type (Ratio)

Announcement of Books Closing Date (BCD)

Ex- Date

BCD

Listing

Metronic Global Berhad

Share Consolidation (1:10)

05/05/2022

19/05/2022

20/05/2022

23/05/2022

Idimension Consolidated Bhd-OR

Rights Issue (2:1)

29/04/2022

23/05/2022

24/05/2022

25/05/2022 (Trading of Rights)

Idimension Consolidated Bhd-PR

Rights Issue (4:1)

29/04/2022

23/05/2022

24/05/2022

25/05/2022 (Trading of Rights)

Yinson Holdings Berhad

Rights Issue (2:5)

12/05/2022

26/05/2022

27/05/2022

30/05/2022 (Trading of Rights)

Digistar Corporation Berhad

Share Consolidation (1:3)

13/05/2022

27/05/2022

30/05/2022

31/05/2022

Digistar Corporation Berhad-WB

Adjustment of warrants (1:3)

13/05/2022

27/05/2022

30/05/2022

31/05/2022

Digistar Corporation Berhad-WC

Adjustment of warrants (1:3)

13/05/2022

27/05/2022

30/05/2022

31/05/2022

In relation to the Share Consolidation by Metronic Global Berhad as a SPEEDS Corporate Exercise, Bursa Malaysia Depository Sdn Bhd will commence the crediting of the consolidated Metronic Global Berhad shares on the evening of the BCD which is 20/05/2022. Metronic Global Berhad shareholders may use the following basis to estimate the maximum number of Metronic Global Berhad shares that they may sell from Ex-date until BCD periods where the Metronic Global Berhad shares are traded under the newly adjusted units.

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

Metronic Global Berhad

19/05/2022 – 20/05/2022

 

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

Based on the number of shareholdings in their account(s) from 20/05/2022 onwards.

In relation to the Share Consolidation by Digistar Corporation Berhad (“DIGISTA”) as a SPEEDS Corporate Exercise, Bursa Malaysia Depository Sdn Bhd will commence the crediting of the consolidated DIGISTA shares on the evening of the BCD which is 30/05/2022. DIGISTA shareholders may use the following basis to estimate the maximum number of DIGISTA shares that they may sell from Ex-date until BCD periods where the DIGISTA 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

Digistar Corporation Berhad

27/05/2022 – 30/05/2022

Number of shares held / 3 (all fractional shares computed should be disregarded).

Based on the number of shareholdings in their account(s) from 30/05/2022 onwards.

Digistar Corporation Berhad -WB

27/05/2022 – 30/05/2022

Number of warrants held / 3 (all fractional warrants computed should be disregarded).

Based on the number of shareholdings in their account(s) from 30/05/2022 onwards.

Digistar Corporation Berhad -WB

27/05/2022 – 30/05/2022

Number of warrants held / 3 (all fractional warrants computed should be disregarded).

Based on the number of shareholdings in their account(s) from 30/05/2022 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