Kobay Technology Bhd

KOBAY – Notice of Bonus Entitlement

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18 May 2021
Category: Listing Circular
Reference Number: ILC-17052021-00002

Bonus issue of 204,187,202 new ordinary shares in Kobay Technology Bhd (“Kobay”) (“Kobay Shares”) (“Bonus Shares”) on the basis of two (2) Bonus Shares for every one (1) existing Kobay Share held as at 5.00 p.m. on 31 May 2021 (“Entitlement Date”)

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 28 May 2021
2) The last date of lodgment : 31 May 2021

3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <2/3>, of Selling Price against the Selling Client
b) Buying Broker to deduct <66.66%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <2/3>, of the Transacted Price is applicable.

Remarks 1: Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 31 May 2021 with bonus issue of KOBAY shares, any shareholder who is entitled to receive KOBAY bonus issue shares may sell any or all of his KOBAY shares arising from the bonus issue beginning the Ex-Date (28 May 2021).

For example, if Mr X purchases 100 KOBAY shares on cum basis on 27 May 2021, Mr X should receive 100 shares on 31 May 2021. As a result of the bonus issue, an additional of 200 KOBAY shares will be credited into Mr X’s CDS account on the night of 31 May 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 300 shares on or after the Ex-Date i.e. from 28 May 2021 onwards.

Remarks 2:- The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 1 June 2021, being the next market day after the Entitlement Date.

The notices of allotment will be issued and dispatched to all entitled shareholders of Kobay not later than four (4) market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

Scroll to Top