Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 11/01/2021)
Counter |
Type (Ratio) |
Announcement of Books Closing Date (BCD) |
Ex- Date |
BCD |
Listing |
KPower Berhad |
Subdivision of shares (4:1) |
28/12/2020 |
11/01/2021 |
12/01/2021 |
13/01/2021 |
Scientex Berhad |
Bonus Isuue (2:1) |
17/12/2020 |
13/01/2021 |
14/01/2021 |
15/01/2021 |
Perak Transit Berhad |
Share Consolidation (1:3) |
31/12/2020 |
14/01/2021 |
15/01/2021 |
18/01/2021 |
Trive Property Group Berhad |
Rights Issue (12:2) |
07/01/2021 |
20/01/2021 |
21/01/2021 |
22/01/2021 (Trading of Rights) |
In relation to the Share Consolidation by Perak Transit Berhad (“PTRANS”) as a SPEEDS
Corporate Exercise, Bursa Malaysia Depository Sdn Bhd will commence the
crediting of the consolidated PTRANS shares on the evening of the BCD which is 15/01/2021. PTRANS shareholders
may use the following basis to estimate the maximum number of PTRANS shares that
they may sell from Ex-date until BCD periods where the PTRANS 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 |
Perak Transit Berhad |
14/01/2021 – 15/01/2021 |
Number of shares held /3 (all fractional shares computed should be disregarded). |
Based on the number of shareholdings in their account(s) from 15/01/2021 onwards. |
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:
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:
Rights Issue Timeline under SPEEDS