3.0 RATIONALE FOR THE PROPOSED DIVIDEND-IN-SPECIE
The rationale for the Proposed Dividend-In-Specie are as follows:
to reward the shareholders for their continuous support by providing them with an opportunity to invest directly in ALB at no cost; and
to enable the shareholders to potentially benefit directly from the future performance of ALB*.
As mentioned in 2.5 above, ALB has entered into a HOA with S7 Holdings Sdn Bhd, Merrington Assets Limited, MY E.G. Capital Sdn Bhd and Avocat Sdn Bhd for, inter-alia, the proposed acquisition of S5 Holdings Inc subject to valuation and based on terms and conditions to be agreed between the parties.

ANCOM BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED FINAL DIVIDEND
Ancom Berhad (“Ancom” or the “Company”) wishes to announce that the Company proposes a payment of final dividend for the financial year ended 31 May 2020 by way of distribution of up to 25,294,284 ordinary shares in Ancom Logistics Berhad ("ALB"), representing approximately 5.34% equity interest in ALB to the shareholders of the Company ("Proposed Dividend-In-Specie"), subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting which will be held in due course.



Further details of the Proposed Dividend-In-Specie are in the document attached.



This announcement is dated 21 September 2020.