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Notice Of Book Closure

Back Jul 04, 2018

CONSOLIDATION OF EVERY TWO (2) EXISTING ORDINARY SHARES IN IDIMENSION CONSOLIDATED BHD ("ICB") INTO ONE (1) ORDINARY SHARE OF ICB ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 16 JUL 2018 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 12 Jul 2018
2)  The last date of lodgment : 16 Jul 2018.

Remakrs 1: Participating Organisations are to take note of the following Share Consolidation exercise by IDIMENSION CONSOLIDATED BERHAD.

The Share Consolidation comprises the following:-

CONSOLIDATION OF EVERY TWO (2) EXISTING ORDINARY SHARES IN IDIMENSION CONSOLIDATED BHD ("ICB") INTO ONE (1) ORDINARY SHARE OF ICB ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 16 JUL 2018 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")

In relation to the Share Consolidation undertaken by IDMENSN as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a)  on or after the Ex-date on 12 July 2018, trading of IDMENSN shares will be based on the newly adjusted share after the Share Consolidation of IDMENSN shares,

(b)  on the basis of settlement taking place after 16 July 2018 with consolidated IDMENSN shares, any entitled shareholder who owns IDMENSN shares as at Ex-date may sell only up to the maximum IDMENSN shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 12 July 2018.

With the adjustments pursuant to the Share Consolidation effected on IDMENSN shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled IDMENSN shareholder may use the following basis to estimate the maximum number of IDMENSN shares that he may sell from the Ex-date until the Book Closing Date which is from  12 July 2018 until 16 Jul 2018.

Number of IDMENSN shares​ that may be          =                     Number of shares held x 0.5

sold on  12 July 2018 until 16 July 2018​                   (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 IDMENSN shares on cum basis on 11 July 2018, his CDS account would still show 1000 IDMENSN shares until 16 July 2018. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 IDMENSN shares in his CDS account will be adjusted to 500 IDMENSN shares on the night of 16 July 2018 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 500 IDMENSN shares on or after the Ex-date i.e. from 12 July 2018 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 12 July 2018 until 16 July 2018, they are only entitled to sell the maximum of 50% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2: Unless otherwise defined, all terms used shall have the same meanings as those defined in ICB's Circular dated 27 March 2018 in relation to, amongst others, the Share Consolidation. The notices of allotment will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors of ICB within four (4) market days after the date of listing and quotation for the Consolidated Shares on the ACE Market of Bursa Securities. Entitled shareholders are not required to take any action. Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities on 17 July 2018, being the next market day after the entitlement date for the Share Consolidation. This announcement is dated 29 June 2018.

 

 

Announcement Info

Company Name IDIMENSION CONSOLIDATED BHD
Stock Name IDMENSN
Date Announced 04 Jul 2018
Category Listing Circular
Reference Number ILC-03072018-00004