News

QL - Notice Of Bonus Entitlement

Back29 May 2008
Date Announced
:
29/05/2008
     
Subject
:
QL - NOTICE OF BONUS ENTITLEMENT

Contents
:
    Bonus issue of up to 110,000,000 new ordinary shares of RM0.50 each in QL ("Bonus Share(s)") on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM0.50 each held in QL ("Bonus Issue").

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
    as from : [ 9 June 2008 ]

    2) The last date of lodgement : [ 11 June 2008 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 33.33% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.

    Remarks :-
    "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 12 June 2008 with bonus issue of QL shares of RM0.50 each, any shareholder who is entitled to receive QL bonus issue shares, may sell any or all of his QL shares arising from the bonus issue beginning the Ex-Date (9 June 2008).
    For example, if Mr X purchases 200 QL shares on cum basis on 6 June 2008, Mr X should receive 200 shares on 11 June 2008. As a result of the bonus issue, 300 QL shares will be credited into Mr X's CDS account on the night of 11 June 2008 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 9 June 2008 onwards."