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:
- Sub-division/Shares Split
- Shares Consolidation
- Bonus Issues
- Capital Restructuring
- Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)
- 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:
- 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 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.
- 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.
Rights Issue Timeline under SPEEDS