Freight Management : Notice Of Bonus Entitlement

Bonus issue of 279,222,415 new ordinary shares in Freight Management Holdings Bhd. ('Freight Management Share(s) or Share(s)') ('Bonus Share') on the basis of 1 Bonus Share for every 1 existing Share held as at 5.00 p.m. on 17 June 2021 ('Entitlement Date') ('Bonus Issue')

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted '[Ex-Bonus Issue]' as from: 16 Jun 2021
2) The last date of lodgment : 17 Jun 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 <1/2>, of Selling Price against the Selling Client
b) Buying Broker to deduct <50%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.

Remarks :-

'Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 17 June 2021 with bonus issue of FREIGHT shares, any shareholder who is entitled to receive FREIGHT bonus issue shares, may sell any or all of his FREIGHT shares arising from the bonus issue beginning the Ex-Date (16 June 2021).

For example, if Mr X purchases 100 FREIGHT shares on cum basis on 15 June 2021, Mr X should receive 100 shares on 17 June 2021. As a result of the bonus issue, an additional of 100 FREIGHT shares will be credited into Mr X's CDS account on the night of 17 June 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 200 shares on or after the Ex-Date i.e. from 16 June 2021 onwards.

Announcement Info