Bonus Issue

[UTDPLT] Bonus Issue on 27-May-2020

Announcement Date: 12-May-2020
Related Stock:
UTDPLT
UNITED PLANTATIONS BHD
Share Registrar:
UTDPLT
UNITED PLANTATIONS BHD
FY: 31-Dec-2020
Amount

1.0000 : 1.0000

  • Ex Date
    27-May-2020
  • Entitlement Date
    28-May-2020
Description
BONUS ISSUE OF 208,134,266 NEW ORDINARY SHARES IN UNITED PLANTATIONS BERHAD ("UP" OR THE "COMPANY") ("UP SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING UP SHARE HELD ("BONUS ISSUE")

About UNITED PLANTATIONS BHD
United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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patrick8

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2020-05-22 15:46

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