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Bonus Issue of up to 66,000,000 new ordinary shares of RM0.50 each in QL Resources Berhad ("QL")(“QL Shares”), credited as fully paid-up, on the basis of one (1) new QL Share for every five (5) existing QL Shares held ("Bonus Issue").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
as from : [ 26 January 2010 ]
2) The last date of lodgement : [ 28 January 2010 ]
3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 1/6 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 16.66% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 1/6 ] of the Transacted Price is applicable.
Remarks :-
"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 29 January 2010 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 (26 January 2010).
For example, if Mr X purchases 500 QL shares on cum basis on 25 January 2010, Mr X should receive 500 shares on 28 January 2010. As a result of the bonus issue, 600 QL shares will be credited into Mr X's CDS account on the night of 28 January 2010 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 600 on or after the Ex-Date ie from 26 January 2010 onwards."
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