WZSATU – Notice of Bonus Entitlement

Reference Number  : ILC-30042018-00007 

WZSATU – Notice of Bonus Entitlement

Company Name Stock Name Date Announced



Bonus issue of up to 157,321,584 new ordinary shares in WZ Satu Berhad (“WZ Satu”) (“Bonus Shares”) on the basis of 1 Bonus Share for every 3 existing ordinary shares held in WZ Satu (“Bonus Issue”).

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 10 May 2018
2)    The last date of lodgment : 14 May 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a)    Selling Broker to deduct <1/4>, of Selling Price against the Selling Client
b)    Buying Broker to deduct <25%>, of Purchase Price against the Buying Client
c)    Between Broker and Broker, the deduction of <1/4>, of the Transacted Price is applicable.

Remarks 1:  WZSATU Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 14 May 2018  with bonus issue of WZSATU shares, any shareholder who is entitled to receive WZSATU bonus issue shares, may sell any or all of his WZSATU shares arising from the bonus issue beginning the Ex-Date (10 May 2018).

For example, if Mr X purchases 300 WZSATU shares on cum basis on 8 May 2018, Mr X should receive 300  shares on 14 May 2018. As a result of the bonus issue, a total of 400 WZSATU shares will be credited into Mr X’s CDS account on the night of 14 May 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 400 on or after the Ex-Date ie from 10 May 2018 onwards.”

Remarks 2: Arising from the migration to the no par value regime under the Companies Act, 2016, par value is no longer relevant. Any fractional entitlements that may arise from the Bonus Issue shall be disregarded and dealt with in such manner as the Board of Directors of WZ Satu shall in its absolute discretion deem fit or expedient and in the best interest of WZ Satu. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 15 May 2018, being the next market day after the entitlement date for the Bonus Issue. The notices of allotment of the Bonus Shares will be issued and despatched to the entitled shareholders of WZ Satu for the Bonus Issue within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. This announcement is dated 26 April 2018.