Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Distribution" ]
as from : [ 3 October 2012 ]
2) The last date of lodgement : [ 5 October 2012 ]
Remarks :- Fractional entitlements of the units in IGB REIT (if any) that may arise from the Distribution-In-Specie shall be dealt with by the Board of Directors of KrisAssets in such manner as they deem fit. KrisAssets will not distribute fractions of a unit in IGB REIT to the Entitled Shareholders. Each Entitled Shareholders' entitlement to the units in IGB REIT will be rounded down to the nearest unit in IGB REIT based on his shareholding in the Record of Depositors of KrisAssets as at 5 October 2012.
Subject to the approval of Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") for the transfer of the units in IGB REIT by bulk transfer method, the units in IGB REIT will be credited into the Entitled Shareholders' accounts maintained with Bursa Depository on 19 October 2012.
i dont understand this, anybody can help?
RM1.00 KrisAssets get 524 units IGB
say final day KrisAssets closed at RM9.50, will get 4,978 units of IGB??