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Bonus Issue of up to 106,810,281 new ordinary shares in Malaysia Steel Works (KL) Bhd (“Masteel”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 3 existing ordinary shares held in Masteel at 5.00 p.m. on 14 February 2018.

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 12 Feb 2018
2)    The last date of lodgment : 14 Feb 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a)    Selling Broker to deduct <1/4>, of Selling Price against the Selling Client
b)    Buying Broker to deduct <25%>, of Purchase Price against the Buying Client
c)    Between Broker and Broker, the deduction of <1/4>, of the Transacted Price is applicable.

Remarks 1: “Bursa Malaysia Securities Bhd would like to clarify that based on settlement taking place after 14 February 2018 with bonus issue of MASTEEL shares, any shareholder who is entitled to receive MASTEEL bonus issue shares, may sell any or all of his MASTEEL shares arising from the bonus issue beginning the Ex-Date (12 February 2018).

For example, if Mr X purchases 300 MASTEEL shares on cum basis on 9 February 2018, Mr X should receive 300 shares on 14 February 2018. As a result of the bonus issue, a total of 400 MASTEEL shares will be credited into Mr X’s CDS account on the night of 14 February 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 400 on or after the Ex-Date ie from 12 February 2018 onwards.

Remarks 2: The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 15 February 2018, being 1 market day after the Entitlement Date. The share registrar of Masteel will issue and despatch notices of allotment of the Bonus Shares to all entitled shareholders of Masteel within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.


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